BUSINESS US inflation remains elevated in July amid supply constraints

BUSINESS

US inflation remains elevated in July amid supply constraints

Xinhua

16:25, August 12, 2021

Photo taken on Aug. 11, 2021 shows a price board of a gas station in Arlington, Virginia, the United States. U.S. inflation remained elevated in July, but there were signs that inflation might have peaked amid pandemic-related supply constraints and the emergence of the Delta variant. The consumer price index (CPI) increased 0.5 percent in July after rising 0.9 percent in June, the U.S. Labor Department said on Wednesday. (Xinhua/Liu Jie)

Photo taken on Aug. 11, 2021 shows a gas station in Arlington, Virginia, the United States. U.S. inflation remained elevated in July, but there were signs that inflation might have peaked amid pandemic-related supply constraints and the emergence of the Delta variant. The consumer price index (CPI) increased 0.5 percent in July after rising 0.9 percent in June, the U.S. Labor Department said on Wednesday. (Xinhua/Liu Jie)

Photo taken on Aug. 11, 2021 shows a pump at a gas station in Arlington, Virginia, the United States. U.S. inflation remained elevated in July, but there were signs that inflation might have peaked amid pandemic-related supply constraints and the emergence of the Delta variant. The consumer price index (CPI) increased 0.5 percent in July after rising 0.9 percent in June, the U.S. Labor Department said on Wednesday. (Xinhua/Liu Jie)

Photo taken on Aug. 11, 2021 shows a price board of a gas station in Arlington, Virginia, the United States. U.S. inflation remained elevated in July, but there were signs that inflation might have peaked amid pandemic-related supply constraints and the emergence of the Delta variant. The consumer price index (CPI) increased 0.5 percent in July after rising 0.9 percent in June, the U.S. Labor Department said on Wednesday. (Xinhua/Liu Jie)

A man fuels his car at a gas station in New York, the United States, Aug. 11, 2021. On the economic front, the U.S. CPI, a measure on inflation, rose 0.5 percent in July for a 5.4-percent year-over-year gain, the Department of Labor reported Wednesday, roughly in line with market estimates. The so-called core CPI, which excludes energy and food, rose 0.3 percent last month for a 4.3-percent year-over-year increase, showed the report. (Xinhua/Wang Ying)

A customer selects goods at a supermarket in New York, the United States, Aug. 11, 2021. On the economic front, the U.S. CPI, a measure on inflation, rose 0.5 percent in July for a 5.4-percent year-over-year gain, the Department of Labor reported Wednesday, roughly in line with market estimates. The so-called core CPI, which excludes energy and food, rose 0.3 percent last month for a 4.3-percent year-over-year increase, showed the report. (Xinhua/Wang Ying)

A customer selects goods at a supermarket in New York, the United States, Aug. 11, 2021. On the economic front, the U.S. CPI, a measure on inflation, rose 0.5 percent in July for a 5.4-percent year-over-year gain, the Department of Labor reported Wednesday, roughly in line with market estimates. The so-called core CPI, which excludes energy and food, rose 0.3 percent last month for a 4.3-percent year-over-year increase, showed the report. (Xinhua/Wang Ying)

A customer selects goods at a supermarket in New York, the United States, Aug. 11, 2021. On the economic front, the U.S. CPI, a measure on inflation, rose 0.5 percent in July for a 5.4-percent year-over-year gain, the Department of Labor reported Wednesday, roughly in line with market estimates. The so-called core CPI, which excludes energy and food, rose 0.3 percent last month for a 4.3-percent year-over-year increase, showed the report. (Xinhua/Wang Ying)

People walk into an auto dealer's store in New York, the United States, Aug. 11, 2021. On the economic front, the U.S. CPI, a measure on inflation, rose 0.5 percent in July for a 5.4-percent year-over-year gain, the Department of Labor reported Wednesday, roughly in line with market estimates. The so-called core CPI, which excludes energy and food, rose 0.3 percent last month for a 4.3-percent year-over-year increase, showed the report. (Xinhua/Wang Ying)

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue