US consumer prices unchanged in July for 3rd time in 4 months, evidence that inflation is tame

US consumer prices were unchanged in July from June, as a small drop in energy costs offset slightly higher food prices. The consumer price index hasn’t increased since March, evidence that the weak economy is keeping inflation in check.

Core consumer prices, which exclude volatile food and energy costs, ticked up 0.1 percent last month, the Labor Department said Wednesday. More expensive medical costs, clothing and rents pushed up core prices.

Read more at The Washington Post…

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