Investors suggest inflation peak as US CPI breaks five-month streak

CPI 5.4% year on year

James Baxter-Derrington
clock • 3 min read

Industry experts have suggested inflation may have peaked following the headline US Consumer Price Index printing 5.4% year on year for July, breaking a five-month streak of ever-increasing inflation.

Excluding food and energy, core CPI printed 4.3% year-on year for July, in line with expectations but lower than the previous print of 4.5%. US inflation surpasses expectations in largest uptick since 2008 Seema Shah, chief strategist at Principal Global Investors, suggested the figures should "help assuage investor fears that the Fed is too laid back about inflation pressures" but markets should not consider inflation passed. "While the data should reassure markets that inflation isn't on a relentless upward trend, make no mistake - this inflation report is still hot," she said. ...

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