By what percentage did the cost of living increase in July according to inflation reports?

The cost of living increase in July, according to inflation reports, was 2.7%. This figure reflects the overall change in consumer prices and is crucial for understanding the economic environment. A 2.7% increase signifies how much more consumers would need to spend on goods and services compared to the previous period, indicating a moderate rise in inflation. Understanding such figures helps in budgeting and forecasting for both individuals and businesses, as it impacts decisions on spending, investment, and savings. Each of the other percentages represents different rates of inflation at various times but does not accurately reflect the specific increase documented for July.