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Consumer Price Index unchanged over the month, up 8.5 percent over the year, in July 2022 : The Economics Daily: U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers was unchanged in July 2022 after rising 1.3 percent in June and 1.0 percent in May. Gasoline prices fell 7.7 percent in July and offset increases in food and shelter prices, resulting in the index for all items being unchanged in July. From July...
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Is the market overreacting to this one data point or do we believe the inflation caused by the massive rise in M2 is still alive and well…