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September 13, 2019

Consumer prices up 0.1% in August

WASHINGTON (AP) — Consumer prices slowed in August, rising by a slight 0.1%, reflecting a big drop in the cost of gasoline and other energy products.

The Labor Department says the tiny increase in its consumer price index followed a much bigger 0.3% rise in July which had been driven by a jump in energy prices. With energy costs falling in August for a third month out of the past four, the overall price increase slowed leaving consumer prices rising a modest 1.7% over the past year.


 
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