The price of gasoline fell for the first time in five months, favoring stability in the Index of Consumer Prices.
WASHINGTON (Expansion) –
consumer prices in the United States remained stable in July after advancing 0.2%, bringing the annual inflation stood at 0.8%, he reported this Tuesday Labor Department.
the published data reflect a decline in the value of gasoline for the first time in five months.
in addition, core inflation (which eliminates price goods and more volatile) services advanced 0.1%, the lowest increase since March. The annual rate stood at 2.2% versus 2.3% previously, according to EFE.
This could further diminish prospects for an increase in the interest rate benchmark this year by the Federal reserve, said Reuters.
the Labor Department said the Index of Consumer Prices was the weakest since February and followed two consecutive months of increases of 0.2%, coincided Reuters and EFE.
last month, gasoline prices fell 4.7%, reflecting a further decline in the value of oil, and food were unchanged from June, he explained EFE.
Economists polled by Reuters projected that inflation will not register changes last month and climbed 0.9% from a year ago.
the Fed explicitly assumed annual inflation target of 2% in 2012, goal shared with other central banks such as the European or the BoE.
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