Consumer prices inched up in July after declining sharply in June.
The consumer price index rose 0.1 percent compared with June, the Department of Labor said Wednesday. Compared with a year ago, the consumer price index is up 3.4 percent.
That matched the consensus forecast. In June, prices fell 0.4 percent while the consumer price index was up 3.5 percent from a year ago.
Core prices, a measure that excludes volatile food and energy prices, rose 0.2 percent compared with the previous month. For the year, core prices are up 2.5 percent, a decline in year-over-year inflation from the previous month’s 2.6 percent.
The moderate monthly readings across all times...
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