The consumer price index rose 0.2% last month, after advancing 0.3% in June, according to the Labor Statistics Office of the Labor Department (BLS).
In the 12 months passed until July, the CPI advanced 2.7% after rising 2.7% in June. The economists surveyed by Reuters expected an increase of 0.2% and 2.8% year -on -year.
Excluding volatile food and energy components, the CPI won 0.3%, its largest rise since January, after rising 0.2% in June. The so -called underlying IPC increased 3.1% year -on -year in July, after moving 2.9% in June.
The Federal Reserve monitor different inflation measures to achieve its 2%target. Before the IPC data, the financial markets expected the entity to cut the interest rates in September, after a weak employment report of July and strong reviews of the data of non -agricultural payrolls of May and June.
Last month, the Fed maintained its reference rate to one day in 4.25% -4.5% for the fifth time consecutive since December.
The IPC report was published in the midst of growing concerns about the quality of inflation and employment reports after budget and personnel cuts that have led to the suspension of data collection for parts of the CPI basket in some areas of the country.
These concerns were amplified by the dismissal by President Donald Trump of Erika Mtntarfer, the head of the BLS, at the beginning of the month, after the strong downward reviews of the non -agricultural payroll counts of May and June.
