US Inflation in July Edges Up 0.1%; Annual Inflation Rate at 0.2%

US inflation rose for a sixth straight month in July but at a markedly slower pace than in June and May, according to government data released on Wednesday, August 19.

American consumers spent less on vehicles, transportation and some energy items like fuel oil and electricity but they continued to pay more for food, gasoline and housing. In addition, clothing and healthcare costs went up. Continue reading US Inflation in July Edges Up 0.1%; Annual Inflation Rate at 0.2%