Inflation as measured by the consumer price index rose 0.1% from June to July, the Bureau of Labor Statistics said Wednesday, showing that costs broadly remained elevated for consumers despite volatile energy prices.
From a year ago, inflation dropped slightly to 3.4% from 3.5%.
But in another troubling sign for consumers, that remains above the rate of wage growth, which as of last month was pacing at 3.2%, according to the BLS.
Confirmed
From a year ago, inflation dropped slightly to 3.4% from 3.5%.
Unverified
Inflation as measured by the consumer price index rose 0.1% from June to July, the Bureau of Labor Statistics said Wednesday, showing that costs broadly remained elevated for consumers despite volatile energy prices.
But in another troubling sign for consumers, that remains above the rate of wage growth, which as of last month was pacing at 3.2%, according to the BLS.