US July Consumer Price Index Rises 5.4% Year-on-Year
[Asia Economy Reporter Jeon Jinyoung] The U.S. Department of Labor announced on the 11th (local time) that the Consumer Price Index (CPI) rose by 5.4% compared to the same month last year. This figure is higher than the expected 5.3%.
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The core Consumer Price Index increased by 0.3% from the previous month, which is lower than the 0.4% anticipated by experts.
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