U.S. consumer inflation muted in July

U.S. consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest since November 2010.

U.S. consumer inflation muted in July

World Bulletin / News Desk

U.S. consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest since November 2010, giving the Federal Reserve room for further monetary stimulus to tackle stubbornly high unemployment.

Economists polled by Reuters had expected the Consumer Price Index to rise 0.2 percent last month. In the 12 months to July the CPI rose 1.4 percent, slowing from June's 1.7 percent rise, the Labor Department said on Wednesday.

Stripping out food and energy, inflation pressures were also tame. Core CPI rose 0.1 percent, the smallest increase since February, and breaking four consecutive months of 0.2 percent increases.

Last Mod: 15 Ağustos 2012, 15:46
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