The latest U.S. Consumer Price Index (CPI) figures for July paint a complicated picture for the inflation outlook, as headline inflation slowed but underlying price pressures remain elevated. According to data released Thursday, the CPI rose 2.7% year-over-year, slightly below economists’ expectations. However, the core inflation rate — which strips out volatile food and energy … Continue reading U.S. July CPI Rose Softer Than Hoped 2.7%, but Core Rate of 3.1% Disappoints