No sign of inflation in U.S. CPI figures

14 July 2017

 

Lower fuel prices have driven U.S. consumer inflation lower again in June. Consumer price index (CPI) figures released by the Bureau of Labor Statistics indicated prices were stable over the month, missing market expectations of a 0.1% increase. On a 12-month basis the CPI growth rate dropped again, this time from 1.9% in May to 1.6%. Core prices, a measure of prices which strips out food and energy price changes,...

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