According to the report of the Bureau of statistics of the U.S. Department of labor, the consumer price index in the USA (CPI) in July rose by 0.1% compared with the previous month.
Analysts had predicted an increase of 0.2% after maintaining unchanged a month earlier.
Annual consumer inflation in July rose 1.7% compared to +1.6% a month earlier.
The base consumer price index (core CPI), which accounts for the excluded prices of food and energy prices in July rose 0.1% compared to the previous month. Analysts had expected the index to increase 0.2%.
Over the past 12 months, core consumer inflation rose 1.7%.
The average real hourly wage in the U.S. in July increased by 0.2% compared with the previous month taking into account seasonal fluctuations. Compared to the same period last year, hourly wages grew by 0.7%.