CPI Index rises more than expected by Ken Mahoney

Core CPI... HIGHER than expected! Consumer price index rose 0.8% in July, led by gains in food, energy, apparel and airline fares. This is on the heels of June's 1.1% rise, which was the second largest since June 1982. Excluding food and energy, the CPI advanced 0.3, which means the y/y is 2.5%.