Consumer Prices Fell 0.1% in June, Led by Energy Price Decline

Consumer prices fell 0.1 % in June, led by a decline in energy prices, the Bureau of Labor Statistics said in a statement. The energy index fell 2.9% in June.

Core inflation, which strips out volatile food and energy prices, was 0.2%.

The decline was in line with expectations. Economists had forecast that a drop in CPI of 0.1%, with the core figure unchanged at 0.1%, according to CNN.
Read Full Story

Markets

NASDAQ 6,629.05 23.99 0.36%
S&P 500 2,575.21 13.11 0.51%
DJIA 23,328.63 165.59 0.71%
NIKKEI 225 21,705.95 248.31 1.16%
HANG SENG 28,295.84 -191.40 -0.67%
DAX 12,991.28 1.18 0.01%
USD (per EUR) 1.18 0.00 0.15%
USD (per CHF) 0.98 0.00 -0.17%
JPY (per USD) 113.77 -0.27 -0.24%
GBP (per USD) 1.32 0.00 0.09%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.