US CPI gives no cause for concern, easing by 1/10 percentage point in July to 3.4%
The Corner The US CPI for July, the key indicator of the week, came in entirely in line with expectations: month-on-month 0.1% (against 0.1% expected and negative 0.4% previously), month-on-month core 0.2% (compared to 0.2% expected and against 0.0% previously), year-on-year 3.4% (against 3.4% expected and against 3.5% previously) and core year-on-year 2.5% (against 2.5% expected and against 2.6%…
We haven't written up this one. The Corner has the full story — the link below goes straight to it.
