July inflation largely aligned with economist expectations, with the Consumer Price Index (CPI) rising 0.2% month-over-month and 2.9% year-over-year. The annual rate was below forecasts of 3.0%. But when accounting for core CPI, which excludes food and energy costs, July figures came in line with estimates for 0.2% monthly and 3.2% annually.
How exactly has inflation shown up in the most consumer-exposed industries?
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