“Overall Consumer Price Index rose by 3.2% in July compared to a year ago, the first year-over-year acceleration since June 2022, marking the end of the period of “disinflation” when the year-over-year inflation rate cooled…
The “Core” CPI rose by a still hot 4.7% in July, compared to a year ago, an increase that was a hair smaller than in June (+4.8%), according to data by the Bureau of Labor Statistics today.”