'Good News': July Inflation Report Trend Earns Cheers From Financial Markets Analyst, White House

On Wednesday morning, the Labor Department released its monthly report that can give insights into the way inflation is affecting Americans' everyday lives, in what's known as the CPI (consumer price index). Here's what we know about July's report by the Bureau of Labor Statistics (BLS): The Bureau of Labor Statistics (BLS) said on Wednesday that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – increased 0.1% on a monthly basis and is up 3.4% from a year ago. [...] So-called core prices, which exclude volatile measurements of...