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July inflation matches estimates, rising 3.4% year over year: CPI breakdown
['Wed', 'August', 'At P.M. Gmt']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Prices rose 0.1% month over month and 3.4% year over year in July, according to the latest Consumer Price Index (CPI) survey.
Core CPI — which excludes food and energy costs — rose 0.2% monthly and 2.5% yearly.
All numbers matched economists' estimates.
Morning Brief host Julie Hyman and Yahoo Finance Breaking Business News Reporter Jake Conley take a closer look at the breaking numbers.