Consumer prices little changed in July as fuel costs retreat
Subdued inflationary pressures likely to prompt Federal Reserve to keep interest rates low
Add BT as a preferred source
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 per cent gain in June, Labor Department figures showed on Tuesday in Washington. Excluding food and energy, prices rose 0.1 per cent, less than projected.
TRENDING NOW
SIA sinks into the red with S$76 million Q1 loss as fuel costs jump
15-month wait-out curb lifted for private property owners buying HDB resale flats
ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land
A ‘shadow bank’ hiding in Singapore’s Little India casts light on financial services gap
