CNBC Markets14 Aug, 14:53cnbc.com

Consumer prices rose 0.1% in July, as expected, putting the annual rate at 3.4%

The consumer price index was expected to increase 0.1% in July, with an annual rate of 3.4%.

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Inflation meeting expectations at 3.4% annually signals stable pricing pressures, affecting near-term monetary policy expectations and refinance conditions for indebted companies.

Sectors

Consumer staples
Financial services

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