Consumer Prices Rise in Latest Federal Inflation Data

Consumer prices rose again last month after dipping in June, according to newly released federal inflation data.

The U.S. Bureau of Labor Statistics on Wednesday released its Consumer Price Index, a key marker of inflation, which showed that consumer prices rose 0.2% in July, part of a 2.9% increase over the past 12 months.

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Inflation Slows Slightly, but Cost of Some Goods, Services Climbs

Newly released federal inflation data showed that inflation slowed in recent weeks.

The U.S. Bureau of Labor Statistics released its Consumer Price Index, which showed that overall consumer prices paused in the month of May after rising 0.3 percent in April.

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