The latest Consumer Price Index shows a sustained level of price stability in the US

Jay Soloff

Argonath Financial

The latest Consumer Price Index shows a sustained level of price stability in the US. CPI climbed just 0.1% in July for a 12-month increase of 2%. That's a slight step back from the June annual rate of 2.1%. CPI minus food and energy (core CPI) also increased 0.1% last month with the annual rate moving to 1.9% (same as June's annual rate). Core CPI is running just below the Fed target rate of around 2%. Food showed the highest monthly increase of any component, up 0.4% from June, while, energy, energy services, and transportation services all declined. Once again, there's no reason to believe the US is in any danger of high inflation for the foreseeable future. (VIEW LINK)

Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...


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