July CPI Jumps 0.5%; Core Rate Rises 0.2%

WASHINGTON — The consumer price index rose 0.5% in July on a seasonally adjusted basis, the Labor Department reported Thursday, after an unrevised 0.2% decline in June.

Core consumer prices, excluding food and energy were up 0.2% in July after a revised 0.3% increase in June.

Economists polled by Thomson Reuters had a median estimate of a 0.2% increase for both the overall and core numbers.

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