A.M. Update – CPI as Expected

S&P  futures are little changed at +0.1%. Total CPI increased 0.2% in July (consensus 0.2%) following a 0.1% decline in June. The YoY CPI print to 2.9% (from 3.0%). Core-CPI, which excludes food and energy, was up 0.2% in July (consensus 0.2%) following a 0.1% increase in June.  The YoY rate of inflation slowed to…