US consumer prices dip slightly in August

The cost of living in the US dropped unexpectedly in August for the first time in more than a year, showing that inflation is still falling short of the Federal Reserve’s goal.

17th September, 2014
A fall in energy costs and stunted global growth are keeping US inflation down

The cost of living in the US dropped unexpectedly in August for the first time in more than a year, showing that inflation is still falling short of the Federal Reserve’s goal.

The consumer price index dropped 0.2 per cent, the first decline since April 2013, a Labor Department report showed in Washington today.

Excluding the volatile food and fuel sectors, the core measure was unchanged — the first time it failed to increase in...

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