A highly anticipated report released by the Labor Department on Thursday showed U.S. consumer prices increased in line with economist estimates in the month of July.
The Labor Department said its consumer price index rose by 0.2 percent in July, matching the uptick seen in June as well as expectations.
The modest increase in consumer prices was largely due to a continued advance by prices for shelter, which climbed by 0.4 percent for the second straight month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.