Consumer Prices for July Increase, But at Lower Rate Than in June

By Tom Burnett CFA
On August 11, 2021, the Bureau of Labor Statistics reported the consumer price index information for the month of July. The CPI increased by 0.5% in July, down from an increase of 0.9% in June. The July increase was the lowest rate since the 0.4% for the month of February. Over the past 12 months, the CPI has increased by 5.4%. This 5.4% rate is identical with the 12-month rate for June.
The Core rate (excluding food and energy) rose 0.3% in July, after increasing by 0.9% in June. Over the past 12 months, the Core rate has increased by 4.3%. The July increase of 0.3% was the smallest monthly increase in four months.

The next CPI report will be issued on September 14, 2021
Tom Burnett CFA is Director of Research