Money Watch: Inflation creeps up in July following steady decline

Name: Money Watch: Inflation creeps up in July following steady decline
Uploaded: 2023-08-10T08:50:00-0700
Duration: 3 min 7 s
Description: Inflation in the United States edged up in July after 12 straight months of declines. But excluding volatile food and energy costs, so-called core inflation matched the smallest monthly rise in nearly two years, a sign that the Federal Reserve's interest rate hikes have continued to slow price increases. Interview with CBS News business analyst Jill Schlesinger.

Inflation in the United States edged up in July after 12 straight months of declines. But excluding volatile food and energy costs, so-called core inflation matched the smallest monthly rise in nearly two years, a sign that the Federal Reserve's interest rate hikes have continued to slow price increases. Interview with CBS News business analyst Jill Schlesinger.