Consumer Price Index Summary - 2025 M07 Results "The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in July, after rising 0.3 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.7 percent before seasonal adjustment. The index for shelter rose 0.2 percent in July and was the primary factor in the all items monthly increase. The food index was unchanged over the month as the food away from home index rose 0.3 percent while the food at home index fell 0.1 percent. In contrast, the index for energy fell 1.1 percent in July as the index for gasoline decreased 2.2 percent over the month." It was less than expected and it was noted that shelter was the primary factor. Tariffs do not seem to be having an impact yet on the CPI.
Oh. https://www.marketwatch.com/story/k...t-fed-rate-cut-still-appears-in-play-63b2f5a3 Key inflation rate shows biggest rise in 6 months, CPI shows, but Fed rate cut still appears in play Consumer prices have risen slightly due to tariffs A key measure of consumer prices posted the biggest increase in July in six months, suggesting inflation is showing upward pressure from tariffs but maybe not enough to deter the Federal Reserve from cutting interest rates soon. The so-called core rate of the consumer price index rose 0.3% in July to mark the biggest increase since the first month of the year. The core rate omits food and energy and is a better predictor of future inflation.
The inflation rate for Biden's last month was 3.0% (Jan 25) so this rate is lower than what we had under Biden.
LOL. You cherry-picked one month. How convenient. But i doubt Trump has even reduced inflation a single bit from the 2024 average. How's that stack up against his campaign promises lies? “Starting the day I take the oath of office, I will rapidly drive prices down and we will make America affordable again. We’re going to make it affordable again.”
Biden only had inflation lower than this month's number 5 times out of 48 months, hardly cherry picking.
I clicked on your link but when it came up I saw all those green arrows pointing up across the top of the page and figured no need to read any further.
They are there, admittedly still at lower levels overall than what was originally feared. CNBC - Consumer prices rise 2.7% annually in July, less than expected amid tariff worries Also, an interesting note in this article from CNBC about the data collection for inflation:
Wrong. Look at the 2024 numbers now. What's relevant are not the inflation numbers from immediately after the pandemic that Trump mismanaged, but the most recent numbers indicating what levels Biden was able to manage the economy to. It's weird that you, or anyone, would even attempt such dishonest gaslighting, other than with other Trump supporters. But hey, if that's what it takes to make his lies and current failure look good then go to it. I'll even help. Watch : "That Donald Trump shore did get that 2025 inflation rilly rilly lower than it was in 2021! He's the best ever, I love him!"
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ave 2025 3.0 2.8 2.4 2.3 2.4 2.7 2.7 Avail. Sept. 11 2024 3.1 3.2 3.5 3.4 3.3 3.0 2.9 2.5 2.4 2.6 2.7 2.9 2.9 2023 6.4 6.0 5.0 4.9 4.0 3.0 3.2 3.7 3.7 3.2 3.1 3.4 4.1 2022 7.5 7.9 8.5 8.3 8.6 9.1 8.5 8.3 8.2 7.7 7.1 6.5 8.0 2021 1.4 1.7 2.6 4.2 5.0 5.4 5.4 5.3 5.4 6.2 6.8 7.0 4.7 2020 2.5 2.3 1.5 0.3 0.1 0.6 1.0 1.3 1.4 1.2 1.2 1.4 1.2 2019 1.6 1.5 1.9 2.0 1.8 1.6 1.8 1.7 1.7 1.8 2.1 2.3 1.8 2018 2.1 2.2 2.4 2.5 2.8 2.9 2.9 2.7 2.3 2.5 2.2 1.9 2.4 2017 2.5 2.7 2.4 2.2 1.9 1.6 1.7 1.9 2.2 2.0 2.2 2.1 2.1 2016 1.4 1.0 0.9 1.1 1.0 1.0 0.8 1.1 1.5 1.6 1.7 2.1 1.3 2015 -0.1 0.0 -0.1 -0.2 0.0 0.1 0.2 0.2 0.0 0.2 0.5 0.7 0.1 2014 1.6 1.1 1.5 2.0 2.1 2.1 2.0 1.7 1.7 1.7 1.3 0.8 1.6 2013 1.6 2.0 1.5 1.1 1.4 1.8 2.0 1.5 1.2 1.0 1.2 1.5 1.5 2012 2.9 2.9 2.7 2.3 1.7 1.7 1.4 1.7 2.0 2.2 1.8 1.7 2.1 2011 1.6 2.1 2.7 3.2 3.6 3.6 3.6 3.8 3.9 3.5 3.4 3.0 3.2 2010 2.6 2.1 2.3 2.2 2.0 1.1 1.2 1.1 1.1 1.2 1.1 1.5 1.6 2009 0 0.2 -0.4 -0.7 -1.3 -1.4 -2.1 -1.5 -1.3 -0.2 1.8 2.7 -0.4 2008 4.3 4.0 4.0 3.9 4.2 5.0 5.6 5.4 4.9 3.7 1.1 0.1 3.8 2007 2.1 2.4 2.8 2.6 2.7 2.7 2.4 2.0 2.8 3.5 4.3 4.1 2.8 2006 4.0 3.6 3.4 3.5 4.2 4.3 4.1 3.8 2.1 1.3 2.0 2.5 3.2 2005 3.0 3.0 3.1 3.5 2.8 2.5 3.2 3.6 4.7 4.3 3.5 3.4 3.4 2004 1.9 1.7 1.7 2.3 3.1 3.3 3.0 2.7 2.5 3.2 3.5 3.3 2.7 2003 2.6 3.0 3.0 2.2 2.1 2.1 2.1 2.2 2.3 2.0 1.8 1.9 2.3 2002 1.1 1.1 1.5 1.6 1.2 1.1 1.5 1.8 1.5 2.0 2.2 2.4 1.6 2001 3.7 3.5 2.9 3.3 3.6 3.2 2.7 2.7 2.6 2.1 1.9 1.6 2.8 2000 2.7 3.2 3.8 3.1 3.2 3.7 3.7 3.4 3.5 3.4 3.4 3.4 3.4 Current US Inflation Rates: 2000-2025 Here is the chart, 3 months in 24 were lower than July.
If these numbers are to be trusted and are truly accurate, it's not a great picture. Core inflation, which takes out the less volatile priced items like gas is at .3 for the month. That means a core inflation rate north of 3% for the year. The price of gas is what is saving CPI and keeping it at 2.7%, which is still much higher than the 2% target. It's also not unusual for price of gas to come down during the summer. Usually more supply and higher demand because of summer travel. But as we enter back to school season, the price of gas usually starts to tick up. The price of in-home food dropping is a positive, but out-of-home food rising at a significantly higher rate is a negative. Food service represents a large section of the work force, and higher restaurant prices means less dining out, which means less shifts or less pay for tip based workers. Tariffs are effecting CPI. With a large reduction in gas prices and small reduction in home food prices, one would expect CPI would drop month over month. It didn't Why? Tariffs. And the next set of tariffs have just gone into effect, and probably won't start showing up until Sept or Oct in terms of pricing. Usually when gas prices start to tick up again.
The article from the BLS said that "shelter" was the biggest driver of inflation last month. I am thinking this means rent and/or housing costs, which are not effected by tariffs.
You don't think housing prices are increased by increasing the costs of construction materials, tools, etc.?
Utility prices are also effected by tariffs. And they are considered in the price of shelter. Many of the chemicals used to treat drinking water are produced outside the US. Solar panels and materials to maintain and fix them are also produced outside the US. Same for wind turbines.
Can you quote the sentence where they claimed that? I don't see a single sentence where they make a claim about the causation of the increase in housing.
Well, it was near expectation for the overall number (and only slightly higher for the core number than expectation), which I guess they are treating as a win (as if economists were unaware of the existence of tariffs when they set their expectations).
