Cpi Rises 02 In July Matching Junes Increase

US Inflation Cools Slightly, Raising Hopes of Fed Easing

CPI Rises 0.2% in July, Matching June's Increase

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2% in July on a seasonally adjusted basis, the same increase as in June. The CPI is widely used as a macroeconomic indicator of inflation and is closely monitored by governments and central banks for inflation targeting and monitoring.

Japan's Core CPI Shows Moderate Growth

Japan's July 2023 core CPI, excluding fresh food, recorded a 3.1% year-over-year (y-o-y) increase. The new core-core CPI, excluding fresh food and energy, showed a 4.3% growth.

US Inflation Moderates, Raising Hopes for Fed

A key measure of US consumer prices rose only modestly for a second month, bolstering hopes that the Federal Reserve can tame inflation without triggering a recession. The July 2023 core CPI result reinforces the view that the Fed can begin to rely more on hawkish rhetoric than on aggressive interest rate hikes to control inflation.