US inflation rises to 3.2% in July - Breaking The News

US inflation rises to 3.2% in July

10 August

1 min read

EPA-EFE/JUSTIN LANE

Annual inflation in the United States came in at 3.2% in July compared to 3% in June, according to the latest report by the Bureau of Labor Statistics on Thursday. The figure was slightly lower than expected. On a monthly basis, the Consumer Price Index (CPI) rose by 0.2%.

The main contributor to the monthly CPI increase was shelter, accounting for over 90% of the price growth, followed by motor vehicle insurance. Meanwhile, the CPI without food and energy was up by 4.7% year-on-year and 0.2% compared to June. The energy index decreased 12.5% for the last 12 months, and the food index increased 4.9%.

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