Inflation Ticks Back Up, Reaches Nearly Double Fed’s 2% Goal
Inflation slowly ticked back up according to the Bureau of Economic Analysis (BEA) in its latest report, coinciding with several economic challenges faced throughout July. The Personal Consumption Expenditures (PCE) price index rose 0.2% month-over-month in July, a minor increase after June’s index fell 0.1%, according to the report. On a yearly basis, inflation’s pace…
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