US inflation increases, “core” rate back to 2008 level

10 August 2018

 

The annual rate of US consumer inflation has increased for the seventh consecutive month in July, again driven by higher oil and fuel prices and shelter costs. Consumer price index (CPI) figures released by the Bureau of Labor Statistics indicated seasonally-adjusted consumer prices increased by +0.2%, in line with economists’ expectations and the same as June’s +0.2%. However, on a 12-month basis, the consumer inflation rate increased from June’s 2.8%...

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