This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-33987396
The article has changed 3 times. There is an RSS feed of changes available.
Version 1 | Version 2 |
---|---|
US inflation propped up by petrol prices | US inflation propped up by petrol prices |
(about 2 hours later) | |
US consumer prices rose 0.1% in July, helped by petrol and food costs, the US Department of Labor has said. | |
The core inflation rate, which strips out food and energy prices, was 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, the consumer price index has risen by 0.2%. | |
Consumer inflation slowed in July following two months of slightly faster gains. | 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 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 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. | 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%. | 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%. |