U.S. Consumer Prices Rose 0.2% in July

U.S. Consumer Prices Rose 0.2% in July

The Labor Department said on Friday its Consumer Price Index advanced 0.2 percent, the bulk of which was due to a rise in the cost of shelter. The so-called shelter index rose 3.5% in the 12 months through July.

The so-called core CPI, which excludes the volatile food and energy categories, rose 0.2% for a third straight month but the annual increase was 2.4%, the largest rise since September 2008.

USA consumer prices rose in July, with a gauge excluding food and fuel costs posting the biggest annual gain since 2008, underpinning expectations that the Federal Reserve will raise interest rates next month.

In the 12 months through July, the CPI increased 2.9 percent, matching the increase in June. Among them were hotel and motel rates, which rose 0.4% after a record decline of 4.1% in June. Airfares jumped 2.7%, the most since July 2013, following a 0.9% drop in June.

Apparel decreased again, dropping 0.3 per cent after falling 0.9 per cent the prior month.

The core CPI reading brought the three-month annualized gain to 2.3 per cent, after rising 1.7 per cent in June.

The Fed has indicated it will stay on a course of gradual rate hikes even if inflation rises above 2%. By making it more expensive to borrow, the Fed would likely tamp down on inflation as well as economic growth, making it more hard for President Donald Trump to achieve the sustained 3% gains in gross domestic product that he has promised voters. Food prices edged up 0.1 per cent after rising 0.2 per cent in June.

Arsenal v Manchester City
More goals , more assists. "What I saw in the last training sessions and Chelsea and Arsenal games is we are still there". The same when we are thinking defensively, I want our strikers to be thinking: "We need to protect the goalkeepers".

Unai Emery explains Arsenal’s "aggressive" plan to become Premier League champions again
Their defence will be even stronger this season too, especially after the World Cup campaign's Kyle Walker and John Stones had. Arsenal are likely to welcome another debutant, the feisty but creative Lucas Torreira , in their deepest role.

Hammond mulls 'Amazon tax' to counter high street woes
Mr Hammond's comments come as high street retailers reel under pressure from soaring costs, including business rates. The government legislation is not keeping up with the change in technology.

That gauge hit the USA central bank's 2 percent target in March for the first time in more than six years and Fed policymakers have said they will not be unduly concerned if it overshoots its target in the coming months.

The labor market is tight, with more job openings than people to fill them, domestic demand is being buoyed by tax cuts and spending, and tariffs will soon raise the price of imported consumer goods.

Indexes for medical care and apparel costs declined, while measures of airline fares, household furnishings and recreation all increased, the report showed.

The Labor Department said its producer price index was unchanged in July after rising by 0.3 percent in June.

The consumer price index is the broadest of three price gauges from the Labor Department because it includes all goods and services. About 60 percent of the index covers the prices that consumers pay for services ranging from medical visits to airline fares, movie tickets and rents.

Information for this article was contributed by Chris Middleton and Andrew Mayeda of Bloomberg News and by Josh Boak of The Associated Press.

Related:

  • Egypt Monk Detained Over Murder Of Bishop

    Egypt Monk Detained Over Murder Of Bishop

    Wael Saad, who had been a monk at the monastery, reportedly told prosecutors he used an iron pole to bludgeon the bishop to death. Coptic Christians make up about 10 percent of Egypt's predominantly Sunni Muslim population of 100 million.
    Should Arsenal be quietly confident against Man City?

    Should Arsenal be quietly confident against Man City?

    The Armenian worldwide will likely get a start today as Unai Emery will need his players to feed Aubameyang crosses in the match. I think that's something that has always been important for his team, whether he was at PSG or Sevilla.
    Chinese tourist dies after hippo attack in Nakuru

    Chinese tourist dies after hippo attack in Nakuru

    Witness James Omollo said the foreigner got too close to the animal which turned against him, biting him on the chest. A Chinese tourist has died after being bitten in the chest by a hippo he was trying to photograph in Kenya.
  • China holding 1 mn Uighurs in secret camps

    China holding 1 mn Uighurs in secret camps

    A submission by the Human Rights Watch advocacy group said there were "at least tens of thousands" in political education centres. In her remarks, McDougall said that most of these people have never been properly charged with a crime or tried in court.
    Find Someone That Looks At You Like Shaqiri Looks At Jurgen Klopp

    Find Someone That Looks At You Like Shaqiri Looks At Jurgen Klopp

    We beat Manchester City in the league and the Champions League last season so I think we can beat anyone in the world. You can not create that situation, that's what I mean when I said you can not test the test before you have the test.
    After release of critical book, Trump calls Omarosa 'a lowlife'

    After release of critical book, Trump calls Omarosa 'a lowlife'

    Manigault Newman served as special assistant to the president, and was tasked with outreach to the African American community. The former White House aide later described Kelly's comments as "very obviously a threat".
  • Tottenham to begin Premier League campaign in new 'Neptune Green' kit

    Tottenham to begin Premier League campaign in new 'Neptune Green' kit

    At St James Park yesterday, despite the ongoing shenanigans behind the scenes, the Newcastle United support got behind their team. That goalless August albatross is still around his neck and he will have to use the next few games to play himself into form.
    FxWirePro: Spotlight on RBA's MPS, Aussie dollar and swap rates

    FxWirePro: Spotlight on RBA's MPS, Aussie dollar and swap rates

    The central bank confirmed it has downgraded its 2018 inflation forecast , after flagging the change in Tuesday's rates decision. The latest set of projections confirmed that the RBA still looks set to keep interest rates on hold for the foreseeable future.
    Laura Ingraham unloads on white nationalists, 'those who are distorting my views'

    Laura Ingraham unloads on white nationalists, 'those who are distorting my views'

    Jones then played the clip of Laura Ingraham bemoaning the " demographic changes " that mean American whites will soon be a minority.
  • Back Trump on Iran sanctions, urges USA  envoy

    Back Trump on Iran sanctions, urges USA envoy

    A second batch of bans will be re-imposed in November with the aim of curtailing Iran's oil exports and shipping sectors. Abadi on Tuesday said Iraq would reluctantly comply with sanctions against Tehran which took effect the same day.
    Arsenal 0-2 Manchester City: Pep eases past Emery

    Arsenal 0-2 Manchester City: Pep eases past Emery

    Guardiola has no doubt Arsenal , who are at the start of a new era under Unai Emery , can prove to be one of the challengers. If it's a 4-3-3 Ozil will play from the right, although won't relish the prospect of tracking back with Benjamin Mendy .
    Iran: China’s state-owned energy CNPC takes over French Total

    Iran: China’s state-owned energy CNPC takes over French Total

    In July 2017, the NIOC awarded the project to the trio through a contract worth around $4 billion. Washington is planning to impose heavier sanctions in November aimed at Iran's oil sector.

Comments

Latest news

Storm Debby set to hit Blackpool with heavy rain and strong gales
According to the Met Office today Yorkshire will see "Frequent heavy, blustery showers through the day with thunderstorms and hail possible".

Koepka Holds 2-stroke Lead; Tiger in Top 6
Woodland, even with the lowest 36-hole score in 60 years of stroke play at the PGA Championship , still had a long way to go. Woodland was one over par after seven holes before reeling off seven birdies in the next 10 on his way to a superb 64.

Don't Miss This Stock: Barrick Gold Corporation (ABX),Alaska Air Group (ALK)
Two Sigma Securities Llc decreased Mondelez Intl Inc (NASDAQ:MDLZ) stake by 24,891 shares to 30,009 valued at $1.25M in 2018Q1. A Beta component of the stock stands at 0.32. 122.8M shares have been floated in market and 123.16M were outstanding shares.

Palm PVG100 aka Pepito Spotted in Leaked Pics
For now there's obviously no news about a release or the cost and the company has not yet made any statements regarding the leak. According to Android Police, the device is likely to sport a 3.3-inch HD LCD display while running Qualcomm Snapdragon 435 SoC.

Sevilla Threaten Withdrawal From Spanish Cup Over Eligibility Rule
The 30-year-old has worn the arm-band for the Catalan giants on numerous occasions before he was named vice-captain since 2015. Barcelona won both competitions last season so have been pitted against last season's cup runners-up this weekend.

Turkish President Rails Against ‘War’ on Turkish Economy
It said it would support steel and aluminium exporters on all global platforms, and the United States remained an important trade partner.

Trade Desk Stock Skyrockets on Impressive Q2 Earnings
For its third quarter, the company projects revenue of $116 million, ahead of the $109.2 million that Wall Street forecasts. BidaskClub upgraded Trade Desk from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, June 13th.

Kelly Ripa and Mark Consuelos Congratulate Son Michael on 'Riverdale' Role
Everybody's got their secrets, right?' Riverdale season three is now filming and will premiere in October on The CW. As for the teen versions of Riverdale's other adult characters, most will be portrayed by the core cast.

Moderate exercise has positive effect on mental health, study says
For people who had been previously diagnosed with depression, the positive impact of exercise was found to be even broader. It is based on self-reporting, which is not always accurate, and there is no way of measuring physical activity.

Ronaldo finally reveals why he chose to play for Juventus
Ronaldo could be set to make his competitive debut for Juventus next week when the Serie A gets underway. As for his first goal, he said he has not even thought about it. "That's my job.

A Diverse Diet May Not Be the Healthiest One
Otto is an assistant professor of epidemiology, human genetics and environmental sciences at the University of Texas School of Public Health in Houston.

Checking work email during non-working hours can be harmful for health
For employees, he hopes the study highlights the importance of refraining from skimming through work emails after hours. Previous studies have shown the stress of increased job demands leads to strain and conflict in family relationships.

India look for lifeline on fourth day
Their 189 run stand for the sixth wicket put England back in command and in 250 run lead. England lead the five-match series 1-0.

Dhruv Vikram rams vehicle into auto rickshaws, injures three people
Reports suggest that the police have ruled out the possibility of drunken driving and are further investigating the case. Actor Vikram's son Dhruv, who will be making his debut this year, met with an accident early today (August 12).

Chicken strips recalled due to Listeria risk
Health Canada says the risk is heightened for pregnant women, the elderly and people with weakened immune systems. Washing vegetables and fruits along with proper food handling are some ways to prevent illness from listeria .

Other news