📊U.S. Super Core CPI Jumps By 0.5% M/m In July: Cable FX Macro

**As seen in U.S. Inflation Dashboard, subscribe at cablefxm.co.uk/reports

• U.S. July consumer prices came in mostly in line with the Bloomberg survey median. Headline CPI increased by 3.2% Y/y vs the median forecast of 3.3%

• Core CPI accelerated by 4.7% Y/y in July, this was in line with economists' expectations. The largest monthly contribution was seen in core services prices, housing led the rise

• The super core component rose for the first time this year. Core CPI less housing increased by 0.5% M/m from the prior 0.0%