U.S. Inflation Picks Up In July As Consumer Prices Rise Broadly; Core Inflation Hits 2.2%

The pace of inflation in the United States picked up in July, quickened by broad-based gains in consumer goods and services to include higher prices for shelter, healthcare, airline fares, clothing and energy, the government said Tuesday, August 13, 2019.

In the longer haul as highlighted in the above graphic, two key consumer pricing categories diverged with food prices higher and energy costs lower. Continue reading U.S. Inflation Picks Up In July As Consumer Prices Rise Broadly; Core Inflation Hits 2.2%