Wholesale Inflation Remains Low Wednesday, August 14, 11:05 AM ET
This morning, the Labor Department reported wholesale prices were unchanged in July after increasing 0.8% in the month of June. The report noted that energy prices fell by 0.2%, which included a 0.8% decline in gasoline prices and a 3.9% decline in natural gas prices. Excluding food and energy, core prices climbed 0.2% in July and have increases 1.2% over the past twelve months. Economists believe that the relatively low inflation rates have helped boost consumer spending this year.
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