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The threshold requires only a modest rise from July and current forecasts expect a firmer gain, so August CPI-U above 334.750 is highly likely.
July’s unadjusted index was 333.918, leaving a relatively small increase needed to exceed 334.750. Current forecasts consistently anticipate firmer August headline inflation, with rebounding energy prices providing the clearest support. July’s flat unadjusted reading and softer core-goods expectations remain meaningful risks, but August CPI-U above the threshold is highly likely.
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