US Consumer Prices Rise 2.7% Annually in July, Fall Short of Forecasts

U.S. consumer prices increased by 2.7% year-on-year in July, falling below analysts’ expectations while remaining unchanged from June’s rate. Monthly inflation rose 0.2%, meeting market projections. The core price index, excluding volatile food and energy costs, climbed 3.1% annually—surpassing market forecasts—and advanced 0.3% month-over-month.