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Inflation <br />0.0% <br />1.0% <br />2.0% <br />3.0% <br />4.0% <br />5.0% <br />6.0% <br />7.0% <br />8.0% <br />9.0% <br />10.0% <br />Consumer Price Index (CPI) <br />CPI YOY % Change <br />Core CPI YOY % Change <br />YOY (%) Change0.0% <br />1.0% <br />2.0% <br />3.0% <br />4.0% <br />5.0% <br />6.0% <br />7.0% <br />8.0% <br />9.0% <br />10.0% <br />Personal Consumption Expenditures (PCE) <br />PCE Price Deflator YOY % Change <br />PCE Core Deflator YOY % Change <br />Fed Target <br />YOY (%) ChangeThe Consumer Price Index (CPI)increased in July by 0.2%month-over-month and 3.2%year-over-year, versus 3.0%in June. The Core CPI, <br />which excludes volatile food and energy components,was up 0.2%month-over-month and 4.7%year-over-year,decelerating slightly from <br />4.8%in June. The Personal Consumption Expenditures (PCE)index rose as expected by 3.3%year-over-year in July, up from a 3.0%year- <br />over-year gain in June.Core PCE,the Federal Reserve’s preferred inflation gauge,increased 4.2%year-over-year in July, up from a 4.1% <br />increase in June.Personal spending remained robust, but the personal savings rate decreased to 3.5%from 4.3%in July.Inflation remains <br />above the Fed's 2% target. <br />Source: US Department of Labor Source: US Department of Commerce <br />6