The shopper value index for July, which appears on the value actions of products and companies consumed at residence, rose 3.1% from the identical month final yr, excluding contemporary meals, which fluctuates tremendously relying on the climate.
This is 0.2 factors decrease than the three.3% rise in June.
Of these, “meals excluding contemporary meals” has risen by 9.2%, and costs proceed to rise resulting from value will increase similar to meals merchandise.