Friday, August 13, 2010

CPI Up 0.3%; Core Prices Rise 0.1%

In July, the Consumer Price Index rose 0.3%, following three months of declines. The index had been dragged down by declining energy prices over the prior three months, but in July energy prices rose 2.6%. The core index, which excludes prices of energy and food products, rose 0.1% following a 0.2% rise in June.

From a year prior, the CPI was 1.3% higher. This is up from the 1.1% change in June, but still the second lowest measure of this cycle. The core CPI was up by a lesser 1.0% from a year prior, tying the cyclical low of the past three months. The growth in core prices has continued to be very modest, indicating that at least currently, little inflationary pressure exists.

10.08.13 (Source: Bureau of Labor Statistics)

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