Economic Report: Consumer price index unchanged in July, at a 5-month low as energy costs swoon

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MIAMI, FL – JULY 08: Food is displayed on shelves at a grocery store in Miami, Florida.

The cost of consumer goods was unchanged in July, as inflation remains tepid for nearly everything Americans buy.

The consumer price index rose 0.8% compared to a year ago, the Labor Department said Tuesday. Core CPI, which strips out food and energy, rose 2.2%, lower than the 2.3% yearly change in June. The consensus among economists surveyed by MarketWatch was for a 0.2% increase in the core reading.

The cost of food was unchanged in July, and has risen 0.2% over the past year, the smallest increase since the 12 months ending in March 2010.

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