Summary-Retail Inflation Moderates
Retail Inflation Moderates
U.S. core consumer prices rose less rapidly in July that may reassure the Federal Reserve that inflation pressures are easing. Besides, the index that gets rid of volatile food and energy costs rose 0.2 percent in July. However, the core rise came in below estimates for a 0.3 percent rise. Energy prices climbed a seasonally adjusted 2.9 percent in July. But costs for apparel fell 1.2 percent in June. Goods and services fell 0.2 percent last month after rising 0.6 percent in June. Comparing with the first seven months of 2006 and 2005, core consumer prices have risen at a 3.1 percent annual rate. The Fed held rates steady this month and financial markets are watching closely to gauge whether the U.S. central bank will be able to keep rates on hold as a slowing economy puts the brakes on inflation.
posted by 思涵 @ 10:13 AM
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