Home

U.S. consumer prices flat in July

Fri, 08/14/2009 - 20:37 by Inderjit Singh

Washington -- U.S. consumer prices held flat in July, marking another month in which inflation need not worry shoppers or policy makers, the Labor Department said.

Prices for all items remained unchanged in July. For core prices, which exclude food and energy items, prices rose 0.1 percent.

Energy prices declined 0.4 percent in the month, while food prices fell 0.3 percent.

Costs for housing fell 0.2 percent, while transportation costs gained 0.2 percent. Healthcare costs also rose 0.2 percent.

In the past 12 months, prices have fallen 2.1 percent, largely due to the price of oil, which was more $147 per barrel last summer and under $50 per barrel at the start of the year.

Copyright 2009 by United Press International.

No votes yet