Thursday, August 15, 2013

Consumer Prices Rose 0.2% in July

Consumer prices rose 0.2% in July, moderating significantly from June’s 0.5% gain. July’s number was driven by small gains in gasoline and food prices. Prices are now 2.0% above year ago levels, stronger than the 1.8% reported in June. Core CPI remained stable, with prices increasing 0.2%, matching the previous two months’ growth.

The energy index helped contribute to July’s gain, rising 0.2% over the month. However, the pace is slower than the previous month, which surged 3.4%.

Food prices rose just 0.1%, below the 0.2% gains in June, but above the negative gains in May. Food and vegetable prices contributed to the gains.

Read the BLS report.

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