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0:50
TikTok
cnbc
Inflation Goals: Powell's Insights on Current Trends
Explore Fed Chair Powell's outlook on inflation trends and the journey to reach 2%. Learn more about economic indicators and expectations. #inflation #cnbc cnbc(@cnbc). original sound - cnbc. Efforts to get #inflation back down to 2% have
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Jul 26, 2023
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The consumer price index increased 0.1% for the month, putting the annual inflation rate at 2.4%. Excluding food and energy, core CPI came in respectively at 0.1% and 2.8%, compared with forecasts for 0.3% and 2.9%. Weakness in energy prices helped offset some of the increases, and a handful of other key items expected to show tariff-related jumps, vehicle and apparel prices in particular, actually posted declines. Read more: cnb.cx/3ZUCHwk | CNBC
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