July's consumer price index this week is expected to rise. A Reuters poll of economists forecasts the annual rate at 2.8%, up from June's 2.7%.

CPI and PPI this week will prove a key hurdle for a broad market index near record highs.

July's consumer price index this week is expected to rise. A Reuters poll of economists forecasts the annual rate at 2.8%, up from June's 2.7%.