July Core CPI Up 0.3% as Total Inflation Rises 0.8%

The seasonally adjusted Consumer Price Index rose more than expected on both fronts, as the core rate ticked up 0.3% (0.327%) in July, contributing to a 2.5% year-over-year change. Total inflation rose 0.8% (0.818%) in the month and 5.6% on the year, according to data released by the U.S. Labor ...