US inflation edges up in July | The Malaysian Insight

📆 8/10/2023 3:46 PM
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US inflation edges up in July

The US Consumer Price Index rose 3.2% from a year ago in July, government data show. – EPA pic, August 10, 2023.

US consumer inflation inched up in July but held at a moderate level, government data showed today, as policymakers keep a close eye on price increases while weighing further interest rate hikes. The Consumer Price Index , a key inflation gauge, rose 3.2% from a year ago last month, up from June’s 3% pace and breaking a streak of cooling figures.

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