Overall US inflation has eased, with the headline CPI rising at a 1.9-per cent annualised rate from January to July, a White House article said.
Core goods inflation (excluding food and energy) has risen modestly, which has been more than offset by a drop in services inflation.
Despite the recent uptick, core goods inflation is lower in the US than in Canada, Mexico, and close to the UK and EU.
Core goods inflation (excluding food and energy) has risen modestly, which has been more than offset by a drop in services inflation.
Despite the recent uptick, core goods inflation is lower in the US than in Canada, Mexico, and close to the UK and EU.