July CPI Data Anticipated to Show Core Inflation Increase

According to BlockBeats, Wall Street Journal reporter Nick Timiraos, known as the 'Fed's Mouthpiece,' has indicated that the July Consumer Price Index (CPI) data will be released this Tuesday. Core CPI is expected to rise by 0.31%, bringing the annual increase to 3.1%, compared to 2.9% in June and 2.8% in May. Overall inflation is projected to increase by 0.24%, with an annual growth rate reaching 2.8%.