The CPI for July 2025 comes in cooler than the experts expected.
As reported at CNBC, the consumer price index came in cooler than expected increased a seasonally adjusted 0.2% for the month and 2.7% on a 12-month basis, from the Bureau of Labor Statistics. That compared with the respective Dow Jones estimates for 0.2% and 2.8%.
Excluding food and energy, the core CPI increased 0.3% for the month and 3.1% from a year ago, compared with the forecasts for 0.3% and 3%. Federal Reserve officials generally consider core inflation to be a better reading for longer-term trends. The monthly core rate was the biggest increase since January while the annual rate was the highest since February.
A 0.2% increase in shelter costs drove much of the rise in the index, while food prices were flat and energy fell 1.1%, the BLS said. Tariff-sensitive new vehicle prices also were unchanged though used cars and trucks saw a 0.5% jump. Transportation and medical care services both posted 0.8% moves higher.
What Is the Consumer Price Index (CPI)?
Watch the VIDEO of CNN business reporter Vanessa Yurkevich stunned by the food, gas prices in July under President Donald Trump’s administration.
The result: Stock market, S&P 500 closes above 6,400 for first time as rate cut bets jump after CPI inflation report