CPI shows inflation rose 0.1% from June to July

We are back with some breaking economic data. >> So, inflation rose by 0.1% in July. That's the month-over-month.Here's the number you're probably paying attention to, 3.4% year-over-year. >> NBC News chief business correspondent Christine Romans is at the big board for us. Also with us is Investopedia's editor-in-chief and chief business editor of People Inc. Caleb Silver, good morning to you both.Christine, let's start with you at that board to talk us through these numbers and how they do compare with pr ...