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| Version 0 | Version 1 |
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| US inflation propped up by petrol prices | US inflation propped up by petrol prices |
| (35 minutes later) | |
| US inflation rose 0.1% in July, helped by petrol and food prices, the US Department of Labor has said. | US inflation rose 0.1% in July, helped by petrol and food prices, the US Department of Labor has said. |
| Core inflation, which strips out food and energy prices, went up by 0.1% in the month, according to official figures. | Core inflation, which strips out food and energy prices, went up by 0.1% in the month, according to official figures. |
| Food prices rose by 0.2%, while the energy index rose by 0.1% as higher prices for petrol offset other lower energy costs. | Food prices rose by 0.2%, while the energy index rose by 0.1% as higher prices for petrol offset other lower energy costs. |
| Over the past 12 months, overall inflation has risen by 0.2%. | Over the past 12 months, overall inflation has risen by 0.2%. |
| Consumer inflation slowed in July following two months of slightly faster gains. | |
| The slowdown reflected in part the biggest drop in air fares in nearly two decades. | |
| The 0.1% rise in July followed gains of 0.3% in June and 0.4% in May. | |
| The US Federal Reserve has said that it needs to feel "reasonably confident" that inflation is moving back to its 2% goal before beginning to raise US interest rates. | |
| Some economists have forecast that the Fed will start to raise interest rates at its next meeting in September, given that the US unemployment rate has fallen to a seven-year low of 5.3%. |