Inflation, July | featured news

inflation, july
(Image from article: "Consumer Prices Down 2.1 Percent Over Past Year")

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Consumer inflation muted, supports more Fed easing

Consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest in more than 1-1/2 years, giving the Federal Reserve room for further monetary easing to tackle stubbornly high unemployment.

 

Consumer Prices Down 2.1 Percent Over Past Year

Consumer Prices Down 2.1 Percent Over Past Year

Consumer prices were flat in July as energy costs retreated following a big surge in June. Over the past 12 months, prices dropped the most in nearly six decades as the recession and lower energy costs kept a lid on inflation.

 

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