US: Core inflation rose to 2.9% in July, highest since February

• The personal consumption expenditures price index showed that core inflation ran at a 2.9% seasonally adjusted annual rate in July, meeting estimates but higher than June.
• Consumer spending increased 0.5% on the month, in line with forecasts and indicative of strength despite the higher prices. Personal income accelerated 0.4%.

https://www.cnbc.com/2025/08/29/pce-inflation-report-july-2025.html