» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 37 | NO. 32 | Friday, August 9, 2013




US consumer prices tick up as inflation stays mild

Print | Front Page | Email this story

WASHINGTON (AP) — U.S. consumer prices rose slightly last month as gas costs increased at a slower pace. Overall, the figures showed that inflation remains mild.

The Labor Department says the consumer price index rose 0.2 percent in July, after a 0.5 percent gain in June. Gas prices rose only 1 percent last month, after jumping 6.3 percent in June. In the past 12 months, the index has increased 2 percent.

Excluding food and gas costs, which are volatile, core prices also rose 0.2 percent. They have increased just 1.7 percent in the past year. That's below the Federal Reserve's annual inflation target of 2 percent.

Tame inflation has enabled the Fed to pursue low-interest rate policies in an effort to stimulate growth. Higher inflation would pressure the Fed to raise rates.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0