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U.S. Inflation Rises 0.1%
The U.S. consumer price index rose by a seasonally adjusted 0.1% in July, according to the Bureau of Labor Statistics.
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The U.S. consumer price index rose by a seasonally adjusted 0.1% in July, according to the Bureau of Labor Statistics. The index minus food and energy also climbed 0.1%.
July's inflation rate compares with 0.3% in June and 0.4% in May.
The bureau's index gained 0.2% for the 12 months ending July, or 1.8% when food and energy are omitted. Energy prices fell nearly 15% during the period.
The Federal Reserve, noting that America's unemployment rate has declined to a seven-year low of 5.3%, says conditions are "approaching" the point when it will begin slowly raising interest rates. Some economists say the central bank could begin that process as early as next month.
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