US Core Inflation Accelerates Amid Statistics Bureau Upheaval

Underlying US inflation accelerated in July, though the cost of tariff-exposed goods didn’t rise as much as feared, boosting expectations that Federal Reserve officials will lower interest rates when they meet next month. The core consumer price index, which excludes the often volatile food and energy categories, increased 0.3% from June, the strongest pace since the start of the year.

The source of this information is the Bureau of Labor Statistics—an arm of the US Department of Labor—and its data was in line with economists’ forecasts, as was the overall CPI on a monthly basis.