Consumer Prices Unchanged In July, Core Prices Edge Up 0.1%

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Consumer prices were unchanged in the month of July, according to a report released by the Labor Department on Friday, with decreases in food and energy prices offsetting higher prices for apparel and tobacco.

The Labor Department said its consumer price index was unchanged in July after increasing by an unrevised 0.7 percent in June. The lack of growth in consumer prices came in line with the expectations of economists.

Excluding the decreases in food and energy prices, the core consumer price index edged up 0.1 percent in July following a 0.2 percent increase in the previous month. Economists had expected the index to increase by 0.1 percent.

Consumer prices were unchanged in the month of July, according to a report released by the Labor Department on Friday, with decreases in food and energy prices offsetting higher prices for apparel and tobacco. (Market News Provided by RTTNews)