细看7月CPI数据：美国消费者感受到通胀加速带来的压力

Core Insights - Inflation accelerated again last month due to global trade disruptions affecting consumer prices [1] - The Consumer Price Index (CPI) rose 2.7% year-over-year and 0.2% month-over-month in July [2] - Core inflation, excluding volatile food and energy prices, reached its highest level in over two years, indicating that tariffs on imports may be driving inflation [4][5] Consumer Impact - Prices for household goods increased by 0.4% from June, with core goods inflation at a two-year high [5] - Grocery prices fell by 0.1% in July but were still up 2.2% year-over-year, with egg prices symbolizing inflation concerns, rising 16.4% compared to last year [5][6] - Coffee prices surged 14.5% year-over-year, while meat prices, particularly ground beef and steak, increased by 11.5% and 12.4% respectively [7] Healthcare Costs - Medical services prices rose 0.8% from June and 4.3% year-over-year, with hospital services up 5.8% [11] - Prescription drug prices decreased by 0.2%, while over-the-counter drug prices fell by 0.5% [12] - Health insurance prices increased by 4.4% year-over-year and 0.4% month-over-month [13] Housing and Transportation - Housing costs rose 0.2% last month and 3.7% over the past year, although signs indicate a cooling in housing costs [14] - Gasoline prices decreased by 2.2% from June and 9.5% year-over-year, with the average price at $3.14 per gallon [15] - Airfare prices increased by 4% last month after a slowdown in June [15] Future Outlook - Inflation remains above the Federal Reserve's 2% target, presenting challenges for the Fed in its upcoming meeting [17] - Despite the rise in core annual inflation, market expectations lean towards a potential interest rate cut in September [17]