In July, consumer prices remained flat over the previous month in seasonally adjusted terms. The figure mirrored the flat reading recorded in June and undershot market expectations, which had seen prices adding 0.2% over the previous month. The figure mainly reflected how a decline in energy prices was offset by higher prices for food. As a result of the monthly figure, annual headline inflation fell from 1.7% in June to 1.4%, its lowest level since November 2010. Meanwhile, the closely monitored core inflation index, which excludes food and energy, added 0.1% over the previous month, undershooting market expectations of a 0.2% rise. As a result, annual core inflation inched down from 2.2% in June to 2.1% in July. Annual average inflation over the previous 12 months moderated to 2.7% from 2.9% in June. The Federal Reserve expects PCE inflation (based on the price index for personal consumption expenditures) to average between 1.9% and 2.0% this year. For 2013, the Fed anticipates PCE inflation to range between 1.6% and 2.0%.
United States Inflation
Inflation falls to lowest level in nearly two years
August 15, 2012
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United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.