Cpi Report July 2024. Looking at the movement, the july 2024 headline inflation rate showed a decrease of 0.8% points when compared to the june 2024 headline inflation rate. April shows subtle cooling in u.s.
The monthly consumer price index (cpi) indicator rose 3.5 per cent in the 12 months to july 2024, down from 3.8 per cent in june, according to the latest data from the australian bureau of statistics (abs). The july 2024 cpi report will likely increase the fedโs confidence that inflation is on the way to its 2% target and position the fed to cut interest rates in september.