Inflation: The Cleveland Fed Is Not Seeing Further Softening Over The Next Couple Reports

The actual Consumer Price Index figures for July will be reported Wednesday August 14.

From the Federal Reserve Bank of Cleveland, updated through Friday, August 9:

Inflation, month-over-month percent change

Month	CPI	Core CPI	PCE	Core PCE	Updated
August 2024	0.27	0.27	0.22	0.22	08/09
July 2024	0.24	0.27	0.20	0.22	08/09

....MUCH MORE

Using our handy interest rate slide rule we see that 0.24% monthly annualizes out to 2.92% and 0.27% annualizes to 3.29%.

Your mileage may vary but we have found the Nowcast figures to be close enough for government work.