Mexican Media Brands
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.
#labor #economics
Share
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.
RELATED CONTENT
-
UPDATE: Unifor Ratifies GM Labor Pact by 86% Margin
Hourly workers at General Motors Co.’s CAMI assembly plant in Ingersoll, Ont., will vote today whether to accept an agreement to end a strike they began on Sept. 17.
-
GM Unit Stresses Driver Training in Autonomous Cars
General Motors Co.’s Cruise Automation unit says it puts backup drivers and auditors through extensive training before allowing them to participate in real-world autonomous vehicle tests.
-
Young Auto Engineers Say Their Employers Don’t Measure Up
Only one-third of U.S. automotive engineers below the age of 36 agree that their work experience matches the way their employers’ portray themselves publicly, according to new research.