US inflation pressures rise in July; Fed on track to lift rates
Updated : August 10, 2018 09:25 PM IST
The Labor Department said on Friday its Consumer Price Index advanced 0.2 percent, the bulk of which was due to a rise in the cost of shelter, driven by higher rents. The CPI rose 0.1 percent in June.
In the 12 months through July, the CPI increased 2.9 percent, matching the increase in June.
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