Consumer prices rose 0.1% in July, keeping annual rate at 3.4%

Consumer prices rose 0.1% in July matching expectations, bringing the annual inflation rate to 3.4% amid easing energy prices and ongoing U.S.-Iran conflicts. The cooler inflation data bolstered the case for the Federal Reserve to keep rate hikes on hold in September, while broader stock markets and bitcoin advanced or held steady following the releases.

• Consumer price index rose 0.1% in July.
• Annual inflation rate stands at 3.4%.
• Annual US inflation dipped to 3.4% in July.
• Food costs slowed while housing kept prices slightly higher.
• CPI inflation data cooled in line with expectations.
• Data may influence the Federal Reserve to keep rate hikes on hold.
• The Dow rose on key inflation data.
• The July CPI report matched economic expectations.
• The cooler inflation reading bolsters the case for the Fed to hold rates in September.
• CPI increased 0.1 percent in July.
• Annual inflation rate declined to 3.4 percent in July from 3.5 percent in June.
• Inflation data released by the Bureau of Labor Statistics amidst ongoing U.S.-Iran conflict.
• U.S. CPI inflation slowed to 3.4% as expected.
• Bitcoin held near $64,000 following the inflation data release.
• Annualized US inflation rate dipped to 3.4% in July.
• Gas remains nearly $1 a gallon more expensive than before the Iran war.