Image created by ChatGPT Today (August 12), the Bureau of Labor Statistics (BLS) released its report on the consumer price index (CPI) for July. Lower energy and grocery prices contributed to a slight decline in the inflation rate in July compared with June. The following figure compares headline CPI inflation (the blue line) and core CPI inflation (the red line). Headline … Continue reading "As Expected, CPI Inflation Falls Slightly in July"