US Consumer Prices Surge As Food & Medical Costs Jump

08-12-2020 • https://www.zerohedge.com by Tyler Durden

Following yesterday's hotter-than-expected producer price data (led by a surge in energy costs and day-trading), analysts expected CPI to accelerate modestly YoY in July, but it acelerated significantly (rising 1.6% YoY vs +1.1% expected).