US Annual Inflation Marks 1st Increase in a Year as Energy, Shelter Climb

U.S. annual inflation rose to a lower-than-expected 3.2 percent in July, according to the Bureau of Labor Statistics, the first increase in a year, and up from 3 percent in June.

People shop at a grocery store in Columbia, Md., on May 17, 2023. Madalina Vasiliu/The Epoch Times

The U.S. annual inflation rate rose to a lower-than-expected 3.2 percent in July, marking the first increase in a year, according to the Bureau of Labor Statistics. That was up from a 3 percent rise in June.

The consumer price index (CPI) edged up 0.2 percent month-over-month.