United States Inflation July 2021

United States

United States: Inflation remains steady in July

August 11, 2021

Consumer prices rose a seasonally-adjusted 0.47% in July over the previous month, which was below June's 0.90% rise. July's result marked the softest rise in prices since February. The result was driven by moderating price pressures for housing and easing price pressures for food.

Inflation came in at 5.4% in July, unchanged from June’s result. Meanwhile, the trend pointed up, with annual average inflation coming in at 2.7% in July (June: 2.3%). Core inflation fell to 4.2% in July, from June’s 4.5%.

FocusEconomics panelists see inflation averaging 2.9% in 2021, which is up 0.3 percentage points from last month’s forecast. In 2022, our panel expects inflation to average 2.2%.


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United States Inflation Chart

United States Inflation July 2021

Note: Year-on-year and month-on-month variation of seasonally-adjusted consumer price index in %.
Source: Bureau of Labor Statistics.

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