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July Data Falls Below 3% for First Time Since 2021; How the Release Affects the Fed

2024-08-14 20:30:03

The price of some items included in the CPI fluctuated significantly in July compared with June, with eggs and subscription and rental prices for videos and video games rising more than 5%. The price of ice cream and used cars, on the other hand, declined in the month.

Here were some of the biggest movers:

Men’s suits, sport coats and outerwear: -4.2%

Window coverings: -2.6%

Nonelectric cookware and tableware: -2.5%

Fresh fish and seafood: -2.4%

Used cars and trucks: -2.3%

Apparel services other than laundry and dry cleaning: -2.3%

Sewing machines, fabric and supplies: -2.2%

Ice cream and related products: -2.1%

Crackers, bread and cracker products: -2%

College textbooks: -2%

Olives, pickles and relishes: -1.9%

Jewelry: -1.9%

Margarine: -1.8%

Bananas: -1.7%

Floor coverings: -1.7%

Sweets other than candy and gum: -1.6%

Snacks: -1.5%

Video and video game rentals and subscriptions: 7.6%

Eggs: 5.5%

Frankfurters: 4.4%

Tomatoes: 3.6%

Instant coffee: 3.4%

Ham, excluding canned: 3.4%

Video purchases, subscriptions and rentals: 3%

Dishes and flatware: 2.9%

Stationery, stationery supplies and gift wrap: 2.9%

Uncooked beef roasts: 2.7%

Uncooked beef steaks: 2.6%

Newspapers and magazines: 2.1%

Fuel oil and other fuels: 1.9%

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