Is inflation heading back to under 3%, or is it poised to stay above 3% for the foreseeable future? The July CPI (Consumer Price Index) report was uninteresting – as some view it as a lagging indicator since the United States and Iran broke their fragile ceasefire deal late last month, sending crude oil and gasoline prices higher. As a result, everyone had to sift through the numbers to explore another narrative, mainly determining whether tariffs are influencing inflation.
July CPI Flyover
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