The U.S. July CPI year-on-year rose by 2.7%, and the core CPI recorded the biggest rise in six months.

[Chain News] PANews August 12 news, the consumer prices in the United States rose moderately in July, but due to import tariffs leading to increased costs of goods, a measure of core inflation saw its largest rise in six months. The U.S. Bureau of Labor Statistics announced on Tuesday that the Consumer Price Index (CPI) rose 0.2% month-on-month in July, in line with expectations, down from 0.3% in June, and rose 2.7% year-on-year, below expectations, matching June's 2.7%. The core CPI rose 0.3% month-on-month, the largest increase since January, and rose 3.1% year-on-year, higher than June's 2.9%. As the CPI report was released, there are growing concerns about the quality of inflation and employment reports. Previously, the U.S. government cut budgets and staffing, leading to the suspension of data collection for parts of the CPI basket in some regions nationwide. The U.S. Bureau of Labor Statistics completely suspended the consumer price index data collection in one city in Nebraska, Utah, and New York, citing "the need to match the workload of the survey with the level of resources." In addition, the U.S. Bureau of Labor Statistics also suspended data collection for an average of 15% of samples in 72 other regions. This led to a temporary reduction in the price data and rent data used to calculate the CPI. This caused the Bureau of Labor Statistics to use estimates to fill in the missing information.