Inflation in the US remains: in July, the consumer price index rose by 2.7 percent year-on-year

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

NEW YORK, Aug. 13 (Xinhua) — The U.S. consumer price index (CPI) rose 0.2 percent in July and 2.7 percent year-on-year, the Labor Department's Bureau of Labor Statistics (BLS) said Tuesday.

Excluding the more volatile food and energy sectors, core CPI rose 0.3 percent in July and 3.1 percent over the past year. Both figures were exactly in line with consensus forecasts, which had called for a 0.3 percent monthly increase and a 3.0 percent annual increase. However, the monthly increase was the largest since January.

BTS noted that most of the growth in the overall index was accounted for by housing costs, which rose by 0.2 percent.

Shortly after the data was released, US President Donald Trump again criticized Federal Reserve Chairman Jerome Powell, saying he was considering allowing a “massive” lawsuit against Powell over the Fed’s headquarters renovation.

Financial markets react calmly to the CPI report. S index

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