Tuesday, August 16, 2016

US consumer prices unchanged in July

U.S. consumer prices were unchanged in July as a big drop in gasoline and other energy prices kept inflation under control.

The Labor Department said Tuesday the flat reading for overall inflation followed a 0.2 percent gain in June. Energy prices fell by the largest amount in five months. Core inflation, which excludes volatile energy and food, edged up 0.1 percent in July, the smallest increase in four months.
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