Moody’s chief economist Mark Zandi analyzed July’s CPI in a series of tweets, noting that inflation is forcing Americans to spend $709 more monthly on everyday goods and services than t…
, energy unexpectedly rose a mere 0.1%, the latest CPI report showed.
Consumers, however, have continued to feel reprieve from the central bank’s aggressive tightening regime, with core CPI — which excludes volatile food and energy prices — only rising 0.2% from a month ago, matching the 0.2% increase in June. Rising housing costs were by far the largest contributor to July’s uptick in prices, the CPI report showed, accounting for 90% of the advance.When The Post reached out to Moody’s for comment, the financial services firm pointed to commentary from another economist at the company, Bernard Yaros, who said that “the US consumer price index was fully in line with our and consensus expectations in July.
Meanwhile, Raymond James’ Chief Economist Eugenio Aleman believes stubbornly-high shelter costs “are slated to put pressure on headline inflation going forward.”
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