Nick Timiraos, the Fed's mouthpiece: US CPI data shows that core goods prices rose 0.20% month-over-month in July, ending two consecutive months of decline. This is the largest monthly increase since September 2025. Housing costs rose moderately, increasing 0.14% month-over-month in July. Core services prices, excluding housing, rose 0.19% month-over-month (this level is still lower than in May due to a large drop in June).
