A woman shops at a clothing store in New York, the United States, on Aug. 12, 2025. The U.S. Consumer Price Index (CPI) increased 0.2 percent in July and 2.7 percent year-on-year, the U.S. Bureau of Labor Statistics (BLS) reported Tuesday. (Photo by Michael Nagle/Xinhua)
NEW YORK, Aug. 12 (Xinhua) -- The U.S. Consumer Price Index (CPI) increased 0.2 percent in July and 2.7 percent year-on-year, the U.S. Bureau of Labor Statistics (BLS) reported Tuesday.
Excluding the more volatile food and energy sectors, the core CPI rose 0.3 percent in July and 3.1 percent over the past year. Both figures closely matched consensus forecasts of a 0.3 percent monthly increase and 3.0 percent annual gain. However, the monthly rise marked the largest increase since January.
The BLS noted that shelter costs, up 0.2 percent, accounted for much of the rise in the overall index.
Shortly after the data were released, U.S. President Donald Trump renewed his criticism of Federal Reserve Chair Jerome Powell, saying he was considering permitting a "major" lawsuit against Powell tied to renovations at the Fed's headquarters.
Financial markets reacted calmly to the CPI report. The S&P 500 opened the day edging toward a new record high, up 0.3 percent, though it quickly pulled back from its early rally. Overall, market activity remained relatively muted. The bond market showed little movement, while the U.S. dollar index, which tracks the currency against a basket of major peers, slipped slightly. ■
People shop at a retail store in New York, the United States, on Aug. 12, 2025. The U.S. Consumer Price Index (CPI) increased 0.2 percent in July and 2.7 percent year-on-year, the U.S. Bureau of Labor Statistics (BLS) reported Tuesday. (Photo by Michael Nagle/Xinhua)
A man shops at a grocery stand in New York, the United States, on Aug. 12, 2025. The U.S. Consumer Price Index (CPI) increased 0.2 percent in July and 2.7 percent year-on-year, the U.S. Bureau of Labor Statistics (BLS) reported Tuesday. (Photo by Michael Nagle/Xinhua)
People walk in and out a retail store in New York, the United States, on Aug. 12, 2025. The U.S. Consumer Price Index (CPI) increased 0.2 percent in July and 2.7 percent year-on-year, the U.S. Bureau of Labor Statistics (BLS) reported Tuesday. (Photo by Michael Nagle/Xinhua)
People walk past the street with shopping bags in New York, the United States, on Aug. 12, 2025. The U.S. Consumer Price Index (CPI) increased 0.2 percent in July and 2.7 percent year-on-year, the U.S. Bureau of Labor Statistics (BLS) reported Tuesday. (Photo by Michael Nagle/Xinhua)
This photo taken on Aug. 12,2025, shows beef for sale at a grocery store in New York, the United States. The U.S. Consumer Price Index (CPI) increased 0.2 percent in July and 2.7 percent year-on-year, the U.S. Bureau of Labor Statistics (BLS) reported Tuesday. (Photo by Michael Nagle/Xinhua)
A woman shops at a grocery store in New York, the United States, on Aug. 12, 2025. The U.S. Consumer Price Index (CPI) increased 0.2 percent in July and 2.7 percent year-on-year, the U.S. Bureau of Labor Statistics (BLS) reported Tuesday. (Photo by Michael Nagle/Xinhua)
People walk past a mobile phone store in New York, the United States, on Aug. 12, 2025. The U.S. Consumer Price Index (CPI) increased 0.2 percent in July and 2.7 percent year-on-year, the U.S. Bureau of Labor Statistics (BLS) reported Tuesday. (Photo by Michael Nagle/Xinhua)
