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The July Consumer Price Index Is Good News All Around
In July, the overall CPI rose 0.2%. And the core CPI, which economists like to look at because it strips out volatile food energy prices, that also rose by0.2%. Both of these growth rates were in line with R and consensus expectation. While we should feel good about the July CPI, there are some key, some upside risks to the CPI that are lurking out there in the offing," he says.