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Inflation in the United States slowed slightly in July
Croatia📈 EconomyCenter11 days ago

Inflation in the United States slowed slightly in July

The inflation rate in the United States slowed slightly in July, according to data released by the Ministry of Labor. Consumer prices rose by 3.4% compared to the same month last year, down from 3.5% in June and marking the first slower increase since the start of U.S.-Israeli attacks on Iran at the end of February. This slowdown was partly due to a more moderate rise in fuel prices, which increased by 24.6% compared to July of the previous year, down from 26.7% in June and 40.5% in May. Food prices rose by 2.7% during the summer months, similar to increases seen in June and May. Electricity and gas bills saw stronger growth, rising by 4.2% and 4.3%, respectively. Excluding food and energy, consumer prices were up by 2.5% in July compared to the same period last year. On a monthly basis, consumer prices rose by 0.1% in July, after falling by 0.4% in June. Fuel prices dropped by 2.9% compared to June, while food prices fell by 0.1%. Electricity prices rose by 0.1% on a monthly basis, while gas prices increased by 0.7%.

The U.S. inflation rate slowed slightly in July, according to data released by the Department of Labor on Wednesday. Consumer prices rose by 3.4 percent compared to the same month last year, marking a modest decrease from the previous month’s 3.5 percent increase. This follows a sharp spike in May, when annual price growth reached 4.2 percent, the strongest rise in roughly three years, and a more moderate 2.4 percent in February. The decline in July reflects somewhat lower increases in fuel costs, which were up 24.6 percent compared to July 2022. Fuel prices had surged by 26.7 percent in June and 40.5 percent in May. Food prices remained stable, rising by 2.7 percent in July, matching the increases recorded in both June and May. Energy bills, however, saw stronger gains, with electricity costs increasing by 4.2 percent and gas prices climbing by 4.3 percent. When excluding food and energy, core consumer prices in the United States rose by 2.5 percent compared to the same period last year, according to calculations by the department. In June, core inflation stood at 2.6 percent. Monthly comparisons show a slight increase in consumer prices in July, with a 0.1 percent rise. Prices had fallen by 0.4 percent in June. Gasoline prices dropped by 2.9 percent in July compared to June, when they had declined by nearly 9.7 percent. Food prices were also cheaper, down 0.1 percent from June, when they had risen by 0.2 percent. Electricity prices increased by 0.1 percent on a monthly basis after falling by one percentage point in June. Natural gas prices rose by 0.7 percent, slightly more than in June. Excluding food and energy, consumer prices in July were 0.2 percent higher than in June, when they had remained unchanged from the previous month, according to the department's calculations. The gradual easing of inflation in July comes amid ongoing economic uncertainty, including geopolitical tensions and supply chain disruptions. While the pace of price increases has slowed, the underlying cost pressures remain, particularly in energy and housing sectors. The Federal Reserve continues to monitor inflation closely, balancing efforts to curb rising prices with concerns over slowing economic growth. Central bank officials have indicated that further interest rate hikes may be necessary to maintain stability.

2 reports

HRT (Hrvatska radiotelevizija) logoHRT (Hrvatska radiotelevizija)State / PublicCenterFactual 88Objective 7511 days ago
Inflation in the United States slowed slightly in July

The inflation rate in the United States slowed slightly in July, according to data released by the Ministry of Labor. Consumer prices rose by 3.4% compared to the same month last year, down from 3.5% in June and marking the first slower increase since the start of U.S.-Israeli attacks on Iran at the end of February. This slowdown was partly due to a more moderate rise in fuel prices, which increased by 24.6% compared to July of the previous year, down from 26.7% in June and 40.5% in May. Food prices rose by 2.7% during the summer months, similar to increases seen in June and May. Electricity and gas bills saw stronger growth, rising by 4.2% and 4.3%, respectively. Excluding food and energy, consumer prices were up by 2.5% in July compared to the same period last year. On a monthly basis, consumer prices rose by 0.1% in July, after falling by 0.4% in June. Fuel prices dropped by 2.9% compared to June, while food prices fell by 0.1%. Electricity prices rose by 0.1% on a monthly basis, while gas prices increased by 0.7%.

Bias read (Center): The article presents factual economic data without overtly favoring any political perspective. It reports on inflation rates, price changes, and comparisons between months and years without using emotionally charged language or emphasizing particular political viewpoints. The information is based on

Why factuality (88): This article closely mirrors the first in content and structure, providing the same inflation statistics and explanations. It maintains consistency with the cross-source consensus but omits some details present in the first article, such as specific percentage drops in gasoline prices between months

Why objectivity (75): While less promotional than the first article, it still uses emotive language like 'blaži rast cijena' and focuses on the 'blago usporila' narrative, which frames the situation in a positive light. The emphasis on the slowdown in inflation suggests a subtle bias toward economic optimism.

tportal logotportalIndependentCenterFactual 85Objective 7011 days ago
Good news for American consumers: Inflation slowed slightly in July

The article reports on inflation data for July 2024 in the United States, noting a slight slowdown compared to June. Consumer prices rose by 3.4% year-on-year in July, down from 3.5% in June and 4.2% in May. The annual inflation rate has been declining since early February, with the lowest level recorded at 2.4% in February. Energy prices, particularly gasoline, showed some moderation, with prices up 24.6% year-on-year in July, down from 26.7% in June and 40.5% in May. Food prices remained stable at 2.7% year-on-year. Utility costs for electricity and gas increased by 4.2% and 4.3%, respectively. Excluding food and energy, core inflation was 2.5% in July, slightly higher than the previous month. Monthly comparisons show a small increase in consumer prices, with gasoline becoming cheaper by 2.9% compared to June.

Bias read (Center): The article presents factual economic data without overt ideological framing. It provides a balanced overview of inflation trends across different sectors, including gasoline, food, and utilities, without emphasizing any particular political agenda. The tone remains neutral, focusing on statistical,

Why factuality (85): The article provides detailed monthly and annual inflation data from the American ministry, aligning with the cross-source consensus. It reports consistent figures for gasoline price changes, food, energy, and overall inflation rates. However, some phrasing like 'blago popuštanje inflacije' and 'sig

Why objectivity (70): The tone is somewhat promotional ('Dobre vijesti za američke potrošače') and uses emotionally charged language such as 'poskupljela', 'skuplji', and 'jeftinija'. The article also emphasizes certain aspects (like gasoline prices) more than others, suggesting a slight bias towards highlighting consume

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