US Consumer Inflation Moderates to 3.4 Percent in July
10 sources across 7 countries
Who reported this
- CNN Brasil
- Folha de S.Paulo
- Financial Times
- Reuters
- MS NOW
- CNN
- Infobae
- La Tercera
- Asahi Shimbun
- El Pais
What the colours mean
- Left
- Centre-left
- Centre
- Centre-right
- Right
- A hatched block means the outlet is affiliated with, or controlled by, a state.
Political lean describes where an outlet sits within the politics of its own country. It is never a position on a single global scale.
Political lean is comparable inside one country and not across them, which is why the bar groups by country first. Publicly funded broadcasters are not marked as state-linked.
The owner of each outlet is listed as a matter of record, not as a judgement about the outlet.
The United States consumer price index rose 0.1 percent in July, bringing the annual inflation rate down to 3.4 percent from 3.5 percent in June. According to the Bureau of Labor Statistics, these figures were in line with market expectations. Core inflation, which excludes volatile food and energy costs, rose 0.2 percent for the month and reached an annual rate of 2.5 percent, down from 2.6 percent in June. The decline in the overall rate was supported by a 2.9 percent drop in gas prices and a slowing of price hikes in the shelter category. Grocery prices also fell by 0.1 percent in July. Despite these moderating figures, the annual rate remains above the Federal Reserve's 2 percent target. Market reactions included a slight rise in US stocks and a decrease in Treasury yields and the US dollar index. According to CME FedWatch data, the probability of a Federal Reserve interest rate hike in September fell to approximately 38 percent. Some economists warn that inflation could accelerate in August due to rising oil prices and the need to replenish petroleum stocks. Additionally, reports indicate that wage gains of 3.2 percent are not keeping pace with the cost of living. In Brazil, the news contributed to a slight rise in the dollar and fluctuations in the stock market, while investors also monitored domestic service sector data from the IBGE.
How each side framed it
- Left
- This outlet contrasted the official data with political rhetoric, arguing that prices are not dropping as fast as claimed by Donald Trump.
- Centre-left
- These outlets highlighted the continued struggle of consumers whose wages are not keeping up with prices and noted the volatility caused by the war in Iran.
- Centre
- These outlets focused on the technical data, market reactions, and the implications for Federal Reserve policy.
- Centre-right
- These outlets framed the data as a reduction in pressure for the Federal Reserve to implement new rate hikes.
Sources
- Centre-left Asahi Shimbun: US consumer price index for July rose 3.4% from the same month last year, matching market expectations
- Centre-left CNN: Inflation slows for second month in a row, cools to 30.4% in July
- Centre-left CNN: US annual inflation cooled to 3.4% in July as gas prices ease
- Centre CNN Brasil: US consumer inflation rises 0.1% in July; annual rate falls to 3.4%
- Centre-left El Pais: Inflation in the United States moderates slightly to 3.4% in July, but does not clear the path for the Fed
- Centre Financial Times: US inflation falls to 3.4% in July
- Centre Financial Times: July inflation decline does not mean Fed’s September rise is off the table
- Centre Folha de S.Paulo: Dollar operates slightly higher and Stock Market fluctuates after US inflation release
- Centre Folha de S.Paulo: Inflation in US accelerates 0.1% in July, but falls to 3.4% in 12 months
- Centre-right Infobae: Inflation in the United States, graphics
- Centre-right La Tercera: Inflation in United States moderated in July and reduces pressure for a new Fed rate hike
- Left MS NOW: Consumer prices inched higher in July, amid discouraging economic data
- Centre Reuters: US consumer inflation mild in July, but economy not out of the woods yet - Reuters
100% of the statements in this article were traced back to the source articles listed above.