ChainCatcher reported that the United States posted a 0.2% month-over-month increase in seasonally adjusted core CPI for July. The reading was higher than the previous month and matched market expectations. The source item was brief and did not provide additional breakdowns, year-over-year figures, or details on specific inflation components. The update focuses solely on the July seasonally adjusted core CPI monthly rate and its relation to the prior month and consensus expectations. No further market reaction or policy implications were included in the original report.
According to ChainCatcher, the US seasonally adjusted core Consumer Price Index, or core CPI, rose 0.2% month over month in July. The reading was up from the previous month and came in line with market expectations.
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