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LATEST US DATA

Consumer prices little changed in July as fuel costs retreat

Subdued inflationary pressures likely to prompt Federal Reserve to keep interest rates low
Wednesday, August 17, 2016 - 05:50
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US inflation continues to tread below the Fed's goal as companies remain challenged by frugal consumers and competition from cheap goods made overseas.

Washington

THE US cost of living was little changed in July, a sign that subdued inflationary pressures will give Federal Reserve policymakers reason to keep interest rates low.

It was the first time in five months the Consumer Price Index (CPI) failed to advance and followed a 0.2

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