Robins Global News & Noticias

  • Gaming Chair Review
    Gaming Chair Review
  • Writing Service Review
    Writing Service Review
  • Microsoft Exam
    Microsoft Exam
  • Youtube Marketing Guide
    Youtube Marketing Guide
  • Slot Game Review
    Slot Game Review
  • All Elite Wrestling
    All Elite Wrestling

RobinsPost News Network

+ Larger Font | - Smaller Font

Consumer Daily Reports

Consumer News: Inflation rose in July, but rates are still below the Fed’s desired levels

PhotoInflation picked up its pace in July but is still relatively low, according to the latest report from the Labor Department.

The Consumer Price Index (CPI) rose 0.3 percent in July after going up just 0.1 percent in June. Over the last 12 months, the inflation rate is 1.8 percent, just below the Federal Reserve’s desired inflation rate of 2 percent.

July prices rose mainly on the basis of more expensive housing and gasoline, though gas prices have dropped in August and are expected to keep falling. The index for food was unchanged for the second month in a row. It cost less to prepare meals at home last month, but the cost of visiting restaurants went up.

“The index for all items less food and energy rose 0.3 in July, the same increase as in June,” the Labor Department said in its release. "The July rise was broad-based, with increases in the indexes for shelter, medical care, airline fares, household furnishings and operations, apparel, and personal care all contributing to the increase. The index for new

vehicles was one of the few to decline in July.”

More expensive fruit and vegetables

Consumers paid more last month for fresh fruits and vegetables, with the prices of those items rising 0.3 percent. The cost of cereals and bakery products increased by the same amount, with the price of meats, poultry, fish, and eggs going up 0.1 percent.

But three of the major grocery store food group indexes declined last month. The cost of nonalcoholic beverages fell for the second straight month, declining 0.4 percent. The index for dairy and related products fell 0.3 percent after rising in each of the previous five months.

The report may have an uncertain impact on the Fed’s decision to cut interest rates or leave them at present levels. Prices rose, but not by that much. Another interest rate cut could push the inflation rate to 2 percent, the Fed’s desired target.

Posted: 2019-08-13 14:00:50

Get Full News Story On Consumer Affairs

Listen to this article. Speaker link opens in a new window.
Text To Speech BETA Test Version.

Print Friendly and PDF

Related News Stories From The Web And More

Related Bing News

Consumer News: Inflation rose in July, but rates are still below the Fed’s desired levels | Consumer Daily Reports | RobinsPost News Network - Newscast

NJ economy in ‘pretty good shape,’ Philly Fed CEO says

Fri, 17 Jan 2020 08:24:00 GMT

“I actually think our state’s in pretty good shape,” Philadelphia Fed President and Chief Executive Officer Patrick Harker – who sits on the Fed’s Open Market Committee which sets ...

Fed's Powell - No Change In Interest Rate If Growth Continues

Thu, 14 Nov 2019 14:13:00 GMT

Jerome Powell, the chair of the Federal Reserve, has indicated that interest rates ... the Fed’s preferred measure of inflation. We're close, we think, to the Fed's desired level of inflation ...

Third rate cut most likely

Sun, 27 Oct 2019 11:24:00 GMT

The last time the Fed reduced rates ... in July and September were more mixed - it is now clear that a slowdown has taken hold." In a London speech, James Bullard, the St. Louis Fed's president ...

Trump hopes to escalate a tariff war — with a currency war

Mon, 08 Jul 2019 14:16:00 GMT

Having a fixed exchange rate would imply that the central bank would have to give up its independence and base monetary policy decisions around keeping the U.S. dollar at desired levels ... on the Fed ...

Fed's Mester: Too Soon to Say What Happens Next With Rates

Wed, 03 Jul 2019 04:08:00 GMT

When it comes to keeping the Fed’s short-term target ... likely case is that rates will remain steady, and that that will be enough to help inflation get to desired levels.

Related News Story Videos From Youtube

Macroeconomics - Chapter 25: Money, Banks, and the Federal Reserve System

Related Videos On: Macroeconomics - Chapter 25: Money, Banks, and the Federal Reserve System

Mortgage Rundown: August 3rd 2017

Related Videos On: Mortgage Rundown: August 3rd 2017



Foreign Exchange Market Insights July 2015

Related Videos On: Foreign Exchange Market Insights July 2015

Accunet Mortgage Minute for June 1, 2016

Related Videos On: Accunet Mortgage Minute for June 1, 2016

Blow Us A Whistle

Comments (Whistles) Designed By Disqus

Company Information

Official Content Providers


We recommend Firefox 3 (and above), Edge, and Chrome for dynamic performance.
© 2008-2020 RobinsPost (The Bird's Eye View Company) All rights are reserved.
RobinsPost provides links to news sites based on their RSS feeds.
All trademarks, copyrights, videos, photos and logos are owned by news sources.
News stories, videos and live streams are from trusted sources:
Bing News, Google News, Faroo News, and YouTube Search Results.
ROBINSPOST Is Proudly Made In America.
Where Quality, Safety and Service Comes First.