Has Inflation Peaked? Here's What the Experts Are Saying
One month does not make a trend, but inflation did indeed moderate in July.
The consumer price index rose 8.5% year-over-year – after jumping a scorching 9.1% in June – and was unchanged on a month-to-month basis. Core CPI, which strips out volatile food and energy components, rose 5.9% from a year ago and just 0.3% vs. June.
Both the headline and core inflation readings came in blessedly below forecast. But although the data offer a welcome respite for consumers – not to mention the Federal Reserve's interest-rate setting committee – experts are split on where consumer prices and Fed policy goes from here.
« Return to "VACUL Headlines" Go to main navigation