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July inflation holds steady as food and shelter costs rise

STOCK PHOTO/Getty Images(WASHINGTON) Inflation in July held steady even as the costs of housing and food rose, according to findings by the Bureau of Labor Statistics released Wednesday. The Bureau of Labor Statistics released the Consumer Price Index (CPI) which serves as an illustration of how inflation changes each month. Despite gasoline prices falling by 7.7%, this deflation was offset by inflation in food and shelter, resulting in no change in the overall CPI of urban consumers through July. This comes as a welcome sign to consumers who have experienced an inflation gain every month since October 2020. But the report made clear that the main place consumers will feel a big difference is at the gas pump. Rent of primary residences rose by 0.7% since June and food increased by over a percent and is now up 10.9% since this time last year. The cost of eggs have risen by 38% year over year - the most among all goods in the food category. Margarine, flour, and butter have all foll ....

United States , Aaya Fukai , Fernando Martin , Bureau Of Labor Statistics , Federal Reserve , Labor Statistics , Consumer Price Index , Aya Pastry , Employment Research Brad Hershbein , Louis Federal Reserve Fernando Martin ,

July inflation holds steady as food and shelter costs rise

The July inflation rate held steady despite the rising costs in food and shelter. ....

United States , Aaya Fukai , Fernando Martin , Bureau Of Labor Statistics , Federal Reserve , Labor Statistics , Consumer Price Index , Aya Pastry , Employment Research Brad Hershbein , Louis Federal Reserve Fernando Martin ,

July inflation holds steady as food and shelter costs rise - WEIS | Local & Area News, Sports, & Weather

STOCK PHOTO/Getty Images(WASHINGTON) Inflation in July held steady even as the costs of housing and food rose, according to findings by the Bureau of Labor Statistics released Wednesday. The Bureau of Labor Statistics released the Consumer Price Index (CPI) which serves as an illustration of how inflation changes each month. Despite gasoline prices falling by 7.7%, ....

United States , Aaya Fukai , Fernando Martin , Bureau Of Labor Statistics , Federal Reserve , Labor Statistics , Consumer Price Index , Aya Pastry , Employment Research Brad Hershbein , Louis Federal Reserve Fernando Martin ,