BREAKING: Inflation rose 3.2% in July as prices tick higher for first time in a year
Strategic Wealth Partners investment strategist Luke Llyod on what to expect from the July PPI and discusses 2Q earnings.
The Labor Department said Thursday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.2% in July from the previous month, in line with estimates. Other parts of the report also pointed to a slower retreat for inflation. Core prices, which exclude the more volatile measurements of food and energy, climbed 0.2%, or 4.7% annually. Both of those figures are in line with expectations. However, core prices remain well above the Federal Reserve's 2% target for inflation.
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