US consumer prices up by 0.2% in July

Economy 8/10/2018, 2:38 PM
US consumer prices up by 0.2% in July

Consumer prices in the United States increased by 0.2% in July on a seasonally adjusted basis after increasing 0.1% in the previous month, according to a report published by the US Bureau of Labor Statistics on Friday. On an annual basis, the all items index rose 2.9% before seasonal adjustment.

The shelter index marked a 0.3% increase in July and it marked almost 60% of the seasonally adjusted monthly growth in the all items index. The food index saw a slight growth last month, while the energy index fell 0.5%.

Annually, the all items index rose 2.9% for the 12 months concluded with July. The food index rose 1.4% over the past year, while the energy index increased 12.1% for the past 12 months.

Breaking the News / SS

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