The number, however, remained below RBI's 4% for the 12th straight month, despite recent interest rate cuts. Both gains exceeded the median estimates of economists, while the broader CPI advanced 0.3 per cent on the month and 1.8 per cent annually.
The core consumer price index, which excludes food and energy, rose 0.3% from the prior month, and 2.2% from a year earlier, according to a Labor Department report Tuesday.
Retail inflation eased marginally in July to 3.15% over the previous month despite costlier food items, said a government data released on August 13 evening.
The retail inflation based on Consumer Price Index (CPI) was 3.18% in June and 4.17% in July 2018. President Donald Trump has repeatedly cited low inflation in his attacks on the Fed and calls for deeper interest-rate cuts.
"With inflation close to target and equity markets likely to rally hard on a positive trade outcome we could end up seeing a significant re-evaluation of the outlook for monetary policy later this year that also results in a sharp correction higher in Treasury yields".
Tariffs on a wide range of consumer products imported from China, set to take effect September 1, may boost inflation further.
Many key measures within the Labor Department's gauge advanced in July.
Prices for new vehicles fell 0.2 per cent, the first decline since February.
Energy prices rose 1.3% from the prior month as gasoline prices increased 2.5%. "This is the second 0.3% monthly increase in a row, something that hasn't happened since 2001".
- Economists surveyed by Bloomberg had forecast the core gauge would rise 0.2 per cent from the prior month and 2.1 per cent from a year earlier, with the broader index rising 0.3 per cent on the month and accelerating to 1.7 per cent on a yearly basis.
-With assistance from Kristy Scheuble, Benjamin Purvis and Vince Golle.
Around an hour after the opening bell on Wall Street, the Dow Jones Industrial Average was up 1.76 percent, adding 456.25 points. Only the defensive real estate and utilities sectors posted small losses.
Police say the officers initiated some sort of stop with the suspect before the suspect and an officer exchanged gunfire. The officer returned fire, and was joined by two other Highway Patrol officers who responded as backup.
Tehran responded to the move in tit-for-tat fashion, detaining a British-flagged tanker in the Strait of Hormuz two weeks later. Gibraltar said on Tuesday it was seeking to de-escalate issues arising with Iran since the detention.
The first was the discovery of a damaged aluminium boat, spotted during an aerial search, near the shoreline of the Nelson River. Fox Lake Cree Nation says a burned-out vehicle is found near Gillam, Man., about 170 kilometres east of Split Lake.
Norwegian Prime Minister Erna Solberg said Sunday that while her government was trying to combat hate speech, more must be done. Following Saturday's attack the police have increased security around the celebration of the Muslim holiday of Eid.
Pouvoir jouer dans ce grand club et voir que tout va bien pour moi, c'est une double raison d'être très heureux. Titulaire face à Rennes et Nîmes, l'Espagnol monte en puissance et semble déjà adapté au PSG .
Post-retirement, Moody became the director of cricket in Worcestershire before becoming the Sri Lankan national coach in 2005. Former team manager Lalchand Rajput has also thrown his hat in the ring for the job of the Indian cricket team's head coach.
After resuscitation was performed by a member of the public, the paper reports that vital signs were restored. The Department of Foreign Affairs says it is aware of the case and is providing consular assistance.
Vehicle sales across categories registered a decline of 18.71% to 18,25,148 units from 22,45,223 units in July 2018, it added. In July 2019 too, auto sales are 35.95 percent down YoY, which is not far from that dismal figure almost two decades ago.
Gold Prices Cross Rs 39,000-Mark
Gold futures on MCX (October 2019) were trading at Rs 38,530 and touched an intraday high of Rs 38,585. On Monday, Spot Gold prices ended higher by 0.96 percent to close at $1511.2 per ounce.
Chlamydia sex infection vaccine passes safety test
Chlamydia is the most common bacterial STI in the world and accounts for nearly half of all sex-related infections in England. However, as many as 3 out of 4 infections are symptomless, so the number of cases is likely to be underestimated.