U.S. Core CPI YoY Hits 2.5% Low in July, Easing Fed Hike Pressure

Core CPI rose 0.2% MoM and 2.5% YoY in July, the lowest annual rate since March 2021. This moderation reduces immediate pressure on the Federal Reserve to enact further interest rate hikes.

Woofun AI data shows that U.S. core inflation remained moderate in July, with core CPI increasing 0.2% on a monthly basis. The year-on-year rise stood at 2.5%, marking the lowest level since March 2021. Overall CPI increased 0.1% monthly and 3.4% annually during the same period.