US inflation remains sticky in July
- Inflation has worsened since the US and Israel attacked Iran, sending energy prices spiralling.
- Inflation in the United States is holding steady well above the Federal Reserve’s 2 percent target for the 65th straight month, intensifying the debate about whether the US central bank should hold or increase interest rates.
- The Personal Consumption Expenditures (PCE) Price Index was 3.7 percent in the 12 months through July, unchanged from June, the Bureau of Economic Analysis in the US Department of Commerce said on Wednesday.
Unverified
- Inflation has worsened since the US and Israel attacked Iran, sending energy prices spiralling.
- Inflation in the United States is holding steady well above the Federal Reserve’s 2 percent target for the 65th straight month, intensifying the debate about whether the US central bank should hold or increase interest rates.
- The Personal Consumption Expenditures (PCE) Price Index was 3.7 percent in the 12 months through July, unchanged from June, the Bureau of Economic Analysis in the US Department of Commerce said on Wednesday.
Sources: Al Jazeera