Today's CPI Report Expected to Illustrate US Inflation Patterns

Buzzline

At 8:30 a.m. Eastern, the Bureau of Labor Statistics will unveil its inflation report for July, providing insights into the trajectory of prices. Economists polled by Dow Jones anticipate an annual inflation rate of 3.4 percent, a slight decrease from June’s figure of 3.5 percent. The core inflation rate, which omits food and energy costs, is projected to decline to 2.5 percent on a year-over-year basis. This report follows the BLS's announcement that average hourly earnings increased by 3.2 percent in July, indicating that price rises continue to outpace wage growth. Analysts suggest that energy prices are likely to exert only a minimal cooling effect this time around. Disclosure: This video contains stock footage and content created or enhanced using AI-assisted tools.  ai-generated

Transcript

00:00A fresh read on inflation lands this morning.

00:03The Bureau of Labor Statistics releases its July Consumer Price Index today at 8.30 a.m.

00:09Eastern, and Wall Street is watching closely.

00:13Economists surveyed by Dow Jones expect annual inflation of 3.4 percent,

00:17just a touch below June's 3.5 percent reading.

00:21Core inflation, which strips out food and energy,

00:24is expected to ease slightly, too, down to 2.5 percent year-over-year.

00:30That comes just days after the government reported

00:32that average hourly wages grew 3.2 percent in July,

00:36meaning prices are still expected to be climbing faster than paychecks.

00:40Economists say energy costs should offer only a modest cooling effect on this report,

00:45not the sharp drop seen in June.

00:47The Federal Reserve will be watching the numbers closely

00:50as it weighs its next move on interest rates.

00:54Disclosure.

00:54This video contains stock footage and content created, or enhanced, using AI-assisted tools.

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