by Mike ‘Mish’ Shedlock
The CPI and the core CPI (excluding food and energy) both jumped 0.6% in July from June.
Core CPI Up Most Since January 1991
The BLS CPI Report shows another sharp month-over-month rise, but year-over-year is another matter.
CPI Month-Over Month
– The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in July on a seasonally adjusted basis, the same increase as in June.