U.S. consumer prices rose only slightly last month as gas costs increased more slowly. Overall, the figures showed that inflation remains mild.
The Labor Department said Thursday that the consumer price index rose 0.2 percent in July after a 0.5 percent increase in June. Gas prices rose just 1 percent after jumping 6.3 percent in June. Excluding food and gas costs, which are volatile, “core” prices also rose 0.2 percent in July.
Over the past 12 months, consumer prices have risen 2 percent. Core...
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