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IPFS News Link • Inflation

US Consumer Price Inflation Slows In July, Real Wages Continue To Tumble

• Zero Hedge

While economists expected another modest rise in inflation on a MoM basis (if far below the 1.3% surge in June), the headline US Consumer Price Inflation was expected to slow from +9.1% YoY to +8.7% YoY in July, but it actually slowed significantly more than expected to +8.5% Yoy (flat MoM), ending a 16-month streak of MoM gains.

Source: Bloomberg