US CPI Seen Rising 0.1% in July After 0.4% June Drop
Updated
Updated · Bloomberg · Aug 8
US CPI Seen Rising 0.1% in July After 0.4% June Drop
2 articles · Updated · Bloomberg · Aug 8
Summary
Economists expect the US consumer price index to edge up 0.1% in July when the Bureau of Labor Statistics reports Wednesday, signaling only a modest rebound in prices.
That would follow a 0.4% decline in June—the first monthly drop in six years—and suggest recent war-driven inflation pressures are easing.
The Bloomberg survey median points to a calmer inflation backdrop for consumers after last month’s sharp pullback, with July’s gain seen as marginal rather than a renewed surge.