Consumer Prices Post Smaller Than Expected Increase in August - NewsBreak
By Sain in Business
Updated 3 years ago
Prices for an array of consumer goods rose less than expected in August in a sign that inflation may be starting to cool, the Labor Department reported Tuesday. The consumer price index, which measures a basket of common products as well as various energy goods, increased 5.3% from a year ago and 0.3% from July.