Consumer prices jump again in July, rebounding from pandemic lows, but inflation remains low

Consumer price index rises 0.6% for the second month in a row

Inflation rebounds from pandemic lows but still tame Change in consumer price index from previous year, not seasonally adjusted 4% 3% 2% 1% 0% Jul. 2... Jan. 2018 Jul. 2018 Jan. 2019 Jul. 2019 -1% Jan. 2020 Jul. 2020 Source: Bureau of Labor Statistics via FRED