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

CPI 5.4% year on year

James Baxter-Derrington
clock • 3 min read
US Consumer Price Index has broken a five-month streak of rising in consecutive months
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US Consumer Price Index has broken a five-month streak of rising in consecutive months

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...

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