Highest core inflation in decade flattens real US wage growth
- Energy prices fell 0.5 percent from previous month; food costs rose 0.1 percent
- Costs for new vehicles gained 0.3 percent; used-vehicle prices rose 1.3 percent
- Indexes for medical care and apparel costs declined, while measures of airline fares, household furnishings and recreation all increased, the report showed
- The CPI is the broadest of three price gauges from the Labor Department because it includes all goods and services.
- About 60 percent of the index covers the prices that consumers pay for services ranging from medical visits to airline fares, movie tickets and rents
© Copyright 2018 Bloomberg News. All rights reserved.
Published August 12, 2018
Join the discussion — please keep to our Community Guidelines.