US Inflation Eases in July as Food Costs Cool; Housing Keeps Overall Prices Slightly Elevated
Annual US inflation dipped in July, with food cost growth slowing while housing costs kept prices slightly elevated
Key points
- US annual inflation dipped in July as food cost growth slowed materially
- Housing costs kept inflation slightly elevated, representing the most persistent remaining price pressure
- Softer print strengthens case for Federal Reserve to hold rates at its September FOMC meeting
How do you see this playing out for markets? Discuss below.
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🇬🇧 United Kingdom Macro Economic Data inflation cpi fed macro