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September 14, 2020

Consumer prices up 0.4% in August as used car prices surge most in 51 years

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON — U.S. consumer prices rose 0.4% in August as used car prices surged by the largest amount in 51 years.

The Labor Department reported Friday that the August increase in the consumer price index reflected some moderation following big gains of 0.6% in both June and July as the pace of energy price gains slowed.


 
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