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The July jobs report showed slower job growth and a slight increase in the unemployment rate. This helped keep wage growth in check. This slower wage increase played a role in the modest rise of the Consumer Price Index (CPI) for July, which increased by 0.2%. The relationship between jobs, wages and prices is important because when wages rise too fast, it can drive up prices, leading to more inflation.
Key Takeaways from the July CPI Stable Energy Prices