In seasonally adjusted data, retail prices rose 0.5% last month; it is their biggest increase since March. Economists expected a rebound of 0.2% after falling 0.2% in June
The price of gasoline, which jumped 4.7% after falling 6.8% in June accounted for about half the stronger than expected rebound.
12-month price increases 3.6%, while the market awaited 3.3%.
The index of core inflation (“core”), which excludes food and energy, has meanwhile increased by 0.2% in July, as expected, after 0.3% in June
Over one year base prices were up 1.8%, slightly above consensus (1.7%), the largest increase in this index since December 2009.