The July Cpi Report shows that the consumer price index rose 3.2% from a year ago, indicating that inflation has slightly eased its impact on the U.S. economy. Prices increased 0.2% for the month, in line with expectations. The annual rate was slightly below the forecast but higher than June. Excluding food and energy prices, the core CPI also increased 0.2% for the month, equating to a 12-month rate of 4.7%, the lowest since October 2021. The report had a positive impact on the markets, with futures tied to the Dow Jones Industrial Average up and Treasury yields lower.

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