Highest core inflation in decade flattens real US wage growth

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  • 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

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Published August 12, 2018

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