Lowestcpi2021
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The U.S. July Core CPI drops to 3.2%, the lowest since April 2021, marking its fourth consecutive decline. The overall CPI also dipped to 2.9%, returning to the 2% range for the first time since March 2021. What does this mean for inflation and the economy? Share your insights! 📊💬
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U.S. July Core CPI Falls to Lowest Level Since April 2021
According to Odaily, the United States' unadjusted core Consumer Price Index (CPI) for July has decreased to 3.2% year-on-year, marking the fourth consecutive month of decline. This is the lowest level since April 2021 and aligns with market expectations.Additionally, the unadjusted CPI for July stood at 2.9% year-on-year, also experiencing a fourth consecutive month of decline. This is the first time since March 2021 that the CPI has returned to the 2% range, with market expectations set at 3%.
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