U.S. ECONOMICS: CPI Tame as Energy Costs Dropping
U.S. CPI rose 0.1% in July, with the core rate up 0.1% as well following respective June gains of 0.3% and 0.1%. Energy costs dipped 0.3 following a 1.6% June jump. Food/beverage prices increased 0.3%. Services edged up 0.1%. Housing costs rose 0.2% with a 0.3% gain in owners' equivalent rent (residence). Apparel prices increased 0.2%. Transportation costs dipped 0.3%. Education was flat with personal computers down 1.0%. Commodity prices rose 0.1%. On an annual basis, the headline pace slowed to 2.0% y/y from 2.1% y/y, with the core rate steady at 1.9% y/y.
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