New Delhi, Aug. 12 -- Consumer inflation in the United States grew at a slower-than-expected pace in July, government data released on Tuesday (August 12) revealed. The Consumer Price Index (CPI) increased by 2.7 percent year-on-year in July, holding steady from June's rate, signaling some moderation in headline inflation.

However, the report also showed that underlying price pressures, or core inflation, accelerated as the effects of President Donald Trump's broad tariffs on imports begin to influence the economy.

Energy and gasoline indexes declined in July, but shelter costs increased during the month.

When excluding the more volatile food and energy categories, the core CPI rose 0.3 percent month-on-month in July, up from a 0.2-per...