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Slightly ugly July CPI numbers anticipated
Link goes to the Cleveland Federal Reserve site which does NOW casting on the CPI.

For June (from the BLS site)
CPI - year over year = 3.0%
coreCPI - year over year = 4.8%

For July (from the Cleve Fed site which does the now cast and has finished uploading July 31 numbers)
CPI - year over year = 3.4%
coreCPI - year over year = 4.9%

so, inflation is not getting better and maybe it is getting worse - of course final numbers may be slightly different

August may also be a problem month since Yellow Corp which set the lowest cost freight rates for trucks is going bankrupt which will allow other companies to increase their rates

Posted by: lord garth 2023-08-01
http://www.rantburg.com/poparticle.php?ID=674293