THEAMERICANCONSERVATIVE (Harrison Berger) - U.S. Inflation Edged Lower but Remains Stubborn
State of the Union: The Iran War could again raise inflation rates, analysts warn. The post U.S. Inflation Edged Lower but Remains Stubborn appeared first on The American Conservative .
Consumer prices increased 0.1 percent from June to July, while the annual inflation rate edged lower to 3.4 percent, according to figures released by the Bureau of Labor Statistics on Wednesday. Core inflation, which excludes food and energy prices, was 0.2 percent in July with the annual figure at 2.5 percent. While energy prices dropped 1.5 percent in July, the costs of both food and shelter rose 0.1 percent each. On an annual basis, however, energy costs in July were up 14.7 percent. Moody’s chief credit officer warned that the Iran War could still cause prices to surge, with energy remaining “the wild card.” The post U.S. Inflation Edged Lower but Remains Stubborn appeared first on The American Conservative .Open
AI:The July Consumer Price Index report shows that while U.S. inflation edged down slightly to an annual rate of 3.4 percent, the trend remains stubbornly high as food and shelter costs continue to climb. Although energy prices saw a minor monthly dip, they remain up over 14 percent on an annual basis, leaving the economy vulnerable to significant volatility. Analysts warn that the ongoing Iran War poses a major threat to price stability, with energy markets acting as a wild card that could trigger a sudden surge in inflation and further disrupt American economic security.Open