With a continued drop in energy prices offset by higher prices for shelter and medical care, the Labor Department released a report on Wednesday showing that U.S. consumer prices unexpectedly came in unchanged in the month of July.
The Labor Department said its consumer price index for July showed that prices were unchanged for the second consecutive month. Economists had been expecting prices to edge up by about 0.2 percent.
Excluding food and energy prices, the core consumer price index crept up by 0.1 percent in July after rising by 0.2 percent in each of the four previous months. The core index had been expected to show another 0.2 percent increase.
by RTT Staff Writer
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