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Shoppers wait in a check-out line at a Costco wholesale store in Orlando.
Shoppers wait in a check-out line at a Costco wholesale store in Orlando.

Paul Hennessy/SOPA Images/LightRocket via Getty Images

  • The Consumer Price Index was up 3.2% over the year in July.
  • That's up from June's 3.0% increase and just below economists' forecast of 3.3%.
  • The Fed raised interest rates in July amid elevated inflation.

The Consumer Price Index or CPI climbed 3.2% year over year in July, according to non-seasonally-adjusted data from the Bureau of Labor Statistics published Thursday.

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economy, Markets, Inflation, us inflation, CPI, Consumer Price Index, BLS, Economic Indicators, INSIDER graphics
Source
Inflation ticked up in July, pausing a year of slowing price growth