[ad_1]
Inflation likely ticked up modestly in July as tariffs led to higher prices for a wider range of consumer goods.
The Consumer Price Index is expected to have gained 2.8% last month on an annual basis, up from a reading of 2.7% in June, according to economists surveyed by FactSet. Headline inflation likely rose 0.2% month-to-month in July, compared with a 0.3% increase in June.
The Bureau of Labor Statistics will release the July CPI on Tuesday, Aug. 11, at 8:30 a.m. Eastern. This report will be the first CPI release since President Donald Trump fired BLS Commissioner Erika McEntarfer on Aug. 1, after the Bureau reported that July’s payroll growth was weaker than expected, and that job growth for May and June was revised sharply lower.
[ad_2]
Source link
