The Numbers
US CPI Inflation Cools In July
US headline CPI eased to a lower-than-expected 8.5% y/y in July, from a four-decade high of 9.1% in June. The index was flat on a month-on-month basis amid lower gasoline prices (which fell by 7.7% m/m). This follows a 1.3% m/m jump in headline inflation…
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