USA & Canada Intelligence Brief for August 12: American inflation eased to 3.4% but still outpaced wage growth of 3.2%, as a Federal Reserve official said
Rio Times · USA & Canada Intelligence Brief August 12
Key Facts
—The number arrived American consumer prices rose 0.1% from June to July and 3.4% over the year, down slightly from 3.5%.
—Core held Prices excluding food and energy rose 0.2% on the month and 2.5% over the year, in line with forecasts.
—Wages are losing Inflation at 3.4% remains above wage growth of 3.2%, so prices again outpaced pay in July.
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