Mumbai, Sept. 12 -- Following yesterday's report showing an unexpected dip by producer prices, the Labor Department released a separate report on Thursday showing U.S. consumer prices rose by slightly more than expected in the month of August.
The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.2 percent in July.
The report also said the annual rate of consumer price growth accelerated to 2.9 percent in August from 2.7 percent in July.
The slightly bigger than expected monthly increase by consumer prices partly reflected a continued advanced by shelter costs, which rose by 0.4 percent in August after edging up by 0.2 percent in July.
Energy prices also grew by 0.7 percent during the ...