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The overall CPI is up 0.5 percent in July, the core is up 0.5 percent. Both are up 5.4 and 4.3 percent year-over-year, respectively. Most of the inflation is either bounce back or temporary disruptions, mostly with cars. Rental inflation remains moderate. Prices are stable or declining in other important areas like medical services, drugs, More
The post Overall CPI Up 0.5 Percent in July: Higher Car Prices Still Driving Inflation appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by Dean Baker.