Core inflation in July was the hottest of the cycle, CPI shows

MarketWatch/Greg Robb/8-10-2018

The increase in the CPI over the past 12 months was 2.9%, unchanged from June. After stripping out volatile gas and food, the more closely followed core rate of inflation rose 0.2% last month. The 12-month rate of core inflation rose to 2.4%, the highest rate since September 2008.”

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