Insightful News

We are an addiction for those who love reading.

Insightful News

U.S. Consumer Prices Rose Slightly in July

WASHINGTON—U. S. inflation was subdued in July, held down in part by weakness in hotel rates, which perpetuates a soft trend that is puzzling Federal Reserve officials who expected an improving economy to be pushing consumer prices up at a faster rate.

The consumer-price index, which measures what Americans pay for everything from ice cream to doctor visits, increased 0.1% in July from the prior month, the Labor Department said Friday. Excluding the often-volatile categories of food and energy, so-called core prices also…

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *