Core cpi inflation year over year is back above 3% to 3.1% in July 2025, more than expected, the second consecutive monthly increase

But of course overall inflation is what CNBC wants to trumpet because there was an expectation for higher at 2.8% yoy and they got lower.

But one could just as easily say the tariffs are to blame for the higher than expected core rate at 3.1% instead of 3%.

But that wouldn't be cheerleading the markets, now would it?

 

Consumer prices rise 2.7% annually in July, less than expected amid tariff worries