October Inflation Report: CPI Up 0.2% as Expected
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October Inflation Report: CPI Up 0.2% as Expected
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Consumer prices rose 2.4% annually in January, less than expected
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Consumer prices rose 2.4% annually in January, less than expected
3 weeks ago
CNBCJeff Cox
Inflation edged higher in July, according to the Federal Reserve’s preferred inflation measure, indicating that President Donald Trump’s tariffs are working their way through the U.S. economy. The personal consumption expenditures price index showed that core inflation, which excludes food and energy costs, ran at a 2.9% seasonally adjusted annual rate, according to a Commerce Department report Friday. Read more: cnb.cx/45XJEPt | CNBC
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