Cheaper gas keeps U.S. consumer prices flat
WASHINGTON – Consumer prices were unchanged in June, held down by cheaper gas. Outside the volatile food and energy categories, inflation was mild.
Weak economic growth is limiting the ability of companies to raise prices. The tame inflation was underscored by a 0.2 percent drop in consumer prices for the April-June period as a whole. That was the first quarterly drop in consumer prices in two years.
In May, the consumer price index fell 0.3 percent. In April, it was unchanged.
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