US: Annual core-CPI rises to 2.4% in July vs. 2.3% expected

"The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in  July on a seasonally adjusted basis after rising 0.1 percent in June," the U.S.  Bureau of Labor Statistics reported on Friday.

Key takeaways from the official publication

  • Over the last 12 months, the all items index rose 2.9 percent before seasonal adjustment.
  • The index for all items less food and energy rose 0.2 percent in July, the same  increase as in May and June.
  • The all items index rose 2.9 percent for the 12 months ending July, the same  increase as for the period ending June.
  • The index for all items less food and  energy rose 2.4 percent for the 12 months ending July; this was the largest  12-month increase since the period ending September 2008.
  • The food index increased  1.4 percent over the last 12 months, and the energy index rose 12.1 percent.

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