Mumbai, Sept. 1 -- Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.
The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The annual rate of growth by the PCE price index in July came in unchanged from June at 2.6 percent.
The modestly monthly increase by consumer prices came as prices for services climbed by 0.3 percent, more than offsetting a 0.1 percent dip in prices for goods.
Excluding food and energy prices, the core PCE price index rose by 0.3 percent in July, matching the increase seen in June. The annual rate of ...