Inflation in the United States rose to 3.2 percent in July, the first increase in a year, driven by higher housing costs. However, core Inflation, which excludes volatile food and energy prices, remained low with only a 0.2 percent increase. The Federal Reserve closely monitors core inflation figures to gauge inflationary pressures. The July data will factor into the Fed's decision on whether to continue raising interest rates. While some inflationary pressures have eased, persistent pressures remain in service businesses due to labor shortages and rising wages. The Fed faces a challenging task in managing inflation going forward.

The post U.S. inflation ticks up for the first time in a year to 3.2 percent rate, but Core Inflation Remains low appeared first on Balanced News Summary.