August 25, 2022
From the 0.01% increase seen in June, consumer prices increased by 0.48% from the prior month in July. The price increase in July was the biggest since January 2021.
In July, inflation increased somewhat to 2.6% from 2.4% in June. The reading for July was the highest since October 2014. The increase was mostly fueled by rising food and energy costs, as well as a weaker yen amid the effects of the conflict in Ukraine. With annual average inflation coming in at 1.2% in July (compared to 0.9%) in June, the trend was upward. Last but not least, core inflation increased from 2.2% to 2.4% in July.
Source: Focus Economics
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
