{"id":10655,"date":"2023-08-10T00:09:55","date_gmt":"2023-08-10T00:09:55","guid":{"rendered":"https:\/\/isafespend.com\/news\/july-inflation-report-likely-to-show-prices-climbed-for-the-first-time-in-a-year\/"},"modified":"2023-08-10T00:09:56","modified_gmt":"2023-08-10T00:09:56","slug":"july-inflation-report-likely-to-show-prices-climbed-for-the-first-time-in-a-year","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=10655","title":{"rendered":"July inflation report likely to show prices climbed for the first time in a year"},"content":{"rendered":"
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A high-stakes inflation report due Thursday expects to show that price pressures within the economy heated in July for the first time in more than a year.<\/p>\n

Economists expect the consumer price index, which measures a range of goods that includes gasoline, health care, groceries and rent, to show that monthly prices rose 3.3% in July, above the 3% increase recorded the previous month. It would mark the first annual increase in consumer prices since June 2022, when the gauge peaked at a rate 9.1%.<\/p>\n

“It\u2019s going to go up. I think everyone is pretty much agreed on that,” Robert Frick, corporate economist at the Navy Federal Credit Union, told FOX Business. “The problem is it\u2019s going to stay up for a while, maybe through this year and into next year.”<\/p>\n

A FED PAUSE LIKELY WON\u2019T HELP STRUGGLING CONSUMERS<\/u><\/strong><\/p>\n