WSJ’s Chief Economics Correspondent Breaks Down July Inflation Report

The July inflation numbers show that tariffs are beginning to feed through to consumer prices, but not in an alarming or terrifying way. The consumer price index held steady in July. It was up 2.7% from a year ago, and it's about what economists had expected.Core prices, which strips out volatile food and energy items, that rose to 3.1%. It was a little bit higher than overall inflation. What we've seen over the past couple years is that inflation has been gradually coming down.And that was the case up unti ...