Inflation report drops Tuesday as economists warn prices are going up

[mystery-ak]

 Published August 11, 2025 8:00am EDT

Inflation report drops Tuesday as economists warn prices are going up

One economic forecast said prices have risen on furniture, auto parts, apparel, personal care and recreation

By Eric Revell FOXBusiness

The Labor Department will release its latest monthly inflation report on Tuesday at a critical time for the economy, as the Federal Reserve will take stock of the impact of tariffs on consumer prices ahead of its interest rate decision next month.

The Bureau of Labor Statistics (BLS) will release the consumer price index (CPI) for July on Tuesday morning, which is expected to show inflation ticking higher from the previous month and moving further away from the Federal Reserve's 2% longer-run target.

Goldman Sachs economists led by Jan Hatzius projected that headline CPI inflation will rise to 2.8% on an annual basis, in line with the consensus and up from the 2.7% reported last month. Core inflation, which excludes volatile costs such as those for food and energy, is projected to rise to 3.08%, up from 2.9% reported last month.

The Goldman forecast also projected that several tariff-affected product categories will contribute to the rise in inflation, contributing about 0.12% to the projected monthly CPI rise. The categories with tariff-related price boosts in July include furniture, auto parts, apparel, recreation, personal care, communication and education.

more
https://www.foxbusiness.com/economy/inflation-report-drops-tuesday-economists-warn-prices-going-up

[Wingnut]

As will be reported, the MSM will say "It is the end of the world as we know it!"     

[GtHawk]

As will be reported, the MSM will say "It is the end of the world as we know it!"     

Are they R.E.M. fans?

… It's the end of the world as we know it
It's the end of the world as we know it
It's the end of the world as we know it and I feel fine

[mystery-ak]

 Stocks slump as Wall Street braces for inflation spike
by Sylvan Lane - 08/11/25 5:16 PM ET

Stocks closed with losses Monday as Wall Street braces for the first federal inflation report released after President Trump ousted the head of the agency responsible for producing it.

The Dow Jones Industrial Average closed with a loss of 201 points, falling 0.5 percent Monday.

The S&P 500 index and Nasdaq composite each fell 0.3 percent.

The dip comes one day before the Bureau of Labor Statistics (BLS) is set to release the latest reading of the consumer price index (CPI), which is expected to show inflation rising in July.

Economists expect prices to have risen by 0.2 percent in July — 0.3 percent without food and energy included — to hit a core annual inflation rate of 3 percent, according to consensus estimates.

“The data, due tomorrow, probably will show that goods prices rose at an above-trend pace, albeit no faster than in June. Meanwhile, services prices likely increased moderately overall, boosted by a rebound in airline fares, partly offset by a fall in hospital services prices,” wrote Samuel Tombs and Oliver Allen of Pantheon Economics in a research note.

After winning the 2024 election with the promise to bring prices down, Trump is facing increasing backlash from voters and concerns from fellow Republicans as his tariffs keep up pressure on inflation.

Wall Street will pay close attention to the report and Trump’s reaction to it after the president’s explosive response to the July jobs report.

more
https://thehill.com/business/5447086-stocks-fall-ahead-inflation-report/

[Wingnut]

Are they R.E.M. fans?

… It's the end of the world as we know it
It's the end of the world as we know it
It's the end of the world as we know it and I feel fine

Stocks slump as Wall Street braces for inflation spike
by Sylvan Lane - 08/11/25 5:16 PM ET

Stocks closed with losses Monday as Wall Street braces for the first federal inflation report released after President Trump ousted the head of the agency responsible for producing it.

The Dow Jones Industrial Average closed with a loss of 201 points, falling 0.5 percent Monday.

The S&P 500 index and Nasdaq composite each fell 0.3 percent.

https://thehill.com/business/5447086-stocks-fall-ahead-inflation-report/

I feel fine.