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The Labor Department in the U.S. released consumer price index. The U.S. consumer price index increased 0.1% in July, in line with expectations, after a 0.3% rise in June.
On a yearly basis, consumer prices in the U.S. rose 2.0% in July, after a 2.1% gain in June.
Gasoline prices declined 0.3% in July, while food prices rose 0.4% in July.
Consumer prices, excluding food and energy, climbed 0.1% in July, missing expectations for a 0.2% increase, after a 0.1% rise in June.
On a yearly basis, consumer prices, excluding food and energy, increased 1.9% in July, after a 1.9% rise in June.
The figures could mean that the Fed will keep its interest rate low for a while.
The Fed's inflation target is 2% at annual rate. The Fed prefers to use the index for personal consumption. The index for personal consumption was 1.6% at annual rate in June.
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