12 August 2025
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U.S. July CPI Increases 2.7%, Core CPI Rises to 3.1%
U.S. inflation data for July showed mixed results:
- Consumer Price Index (CPI) rose 0.2%, matching forecasts; June’s increase was 0.3%.
- Year-over-year CPI increased by 2.7%, slightly below the expected 2.8%.
- Core CPI, excluding food and energy, climbed 0.3%, in line with forecasts; June’s rise was 0.2%.
- On a yearly basis, core CPI grew 3.1%, above the 3% expectation and June’s 2.9%.
The data is unlikely to change expectations for a Federal Reserve interest rate cut, with market-implied odds rising from 84% to 90% post-release.
Bitcoin (https://holder.io/coins/btc/) traded near $118,500 before the report and rose modestly to just under $119,000 following the release.
U.S. stock index futures increased, with Nasdaq 100 and S&P 500 each up about 0.6%. The dollar weakened, and the 10-year U.S. Treasury yield fell three basis points to 4.26%.