Consumer inflation in the United States stayed at 2.7% in July, the same as in June, according to the Department of Labor. This comes as some experts question the accuracy of the data and watch for the effects of President Donald Trump’s new tariffs on the economy.
The Consumer Price Index (CPI), which measures the cost of goods and services, showed no overall change from last month. However, certain prices increased more quickly.
Analysts are paying close attention to the CPI report, especially after a recent government jobs report showed signs of a weaker job market. The July inflation rate was slightly lower than the 2.8% many economists had predicted.
Energy and gasoline prices went down in July, but the cost of housing went up. When food and energy prices are excluded—because they tend to change a lot—the “core” CPI rose by 0.3% in July, up from 0.2% in June. Compared to last year, core inflation increased 3.1%.
Prices for medical care, airline tickets, and household goods also rose during the month, the report said.
