US inflation rises 1.8% in July

UNITED STATES, WASHINGTON (VOP TODAY NEWS) — Inflation in the US in July rose by 1.8% in annual terms, in monthly terms – by 0.3%, according to a press release from the country’s Ministry of Labor.

At the same time, analysts interviewed by Reuters expected that inflation in annual terms amounted to 1.7% in July, on a monthly basis, the figure coincided with the forecast of analysts.

In June 2019, consumer prices in the country increased by 1.6% in annual terms, in monthly terms – by 0.1%.

Core inflation in the United States — excluding food and energy prices — was 0.3% on a monthly basis in July and 2.2% on an annualized basis. Analysts had expected indicators to be 0.2% and 2.1%, respectively.

In July, food prices in the USA in monthly terms did not change, while for energy carriers they increased by 1.3%. In annual terms, food prices rose by 1.8%, while energy prices fell by 2%.

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