CPI for all US urban consumers up 0.2% MoM in July

Over the last 12 months, the all items index increased by 2.7 per cent in the month before seasonal adjustment, after rising by 2.7 per cent year on year (YoY) in June.

The index for energy fell by 1.1 per cent MoM and 1.6 per cent YoY in July, after rising by 0.9 per cent MoM in June.

The index for all items less food and energy rose by 0.3 per cent MoM and 3.1 per cent YoY in the month, following a 0.2-per cent MoM increase in June, a BLS release said.

ALCHEMPro News Desk (DS)