Consumer Price Index report for the month of July was released to show that the CPI on monthly basis for July climbed by 0.3% reversing the previous fall of 0.1% and better than the expected 0.2%, CPI on yearly basis climbed by 1.2% continuing the previous climb of 1.1% and exactly equal to the expected reading.

Core CPI which excludes Food & Energy climbed on monthly basis by 0.1% continuing the previous climb of 0.2% while it is equal to the expected rate, Core CPI on Yearly basis climbed by 0.9% which is equal to both the previous and expected 0.9% incline.