Inflation Is Down. But Consumers Aren’t Out of the Woods Yet
The Consumer Price Index (CPI) increased 3.4% year over year in July. Meanwhile, the core CPI, which excludes food and energy costs, rose 2.5%. Both measures fell slightly month over month.
The Consumer Price Index (CPI) increased 3.4% year over year in July. Meanwhile, the core CPI, which excludes food and energy costs, rose 2.5%. Both measures fell slightly month over month. They also matched market expectations and suggested that inflationary pressures could be moderating. A recent Marcus & Millichap report supported that possibility, noting that...
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