Consumer prices rise on higher energy costs |
CNNMoney - Aug 13, 2010 |
A key index of consumer prices rose in July from a year earlier amid higher energy costs, the government said Friday. Prices also increased on a monthly basis for the first time in four months.
The Consumer Price Index, a key measure of inflation, rose 1.2% over the past 12 months, driven by a 5.2% spike in energy costs due to higher gasoline prices. In June, overall prices edged up 1.1% from the previous year.
The so-called core CPI, which is closely watched by economists because it strips out volatile food and energy prices, rose 0.9% over the past year.
Read Full Article from CNNMoney
- Posted: 2010-08-13 20:42:06
More Stock Investor Place Top Stories |
|
|
|
Stock Investor Place Top Stories Archive |
|
|