US Inflation at 1.4%, Consumer Prices Flat in July 2012

US inflation tamed a bit more in July with consumer prices once again unchanged as Americans paid more for food and other items but less on energy. Overall, most US government tracked categories logged very small pricing movements.

Consumer prices were flat in July for a second straight month and the third time in four months, the US Labor Department reported Wednesday in Washington. Most economists were expecting at least a slight pick-up due to rising food prices. Continue reading