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Update: July US inflation turns positive, rises to 0.1%


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Update: July US inflation turns positive, rises to 0.1%

Seasonally adjusted U.S. consumer prices rose 0.1% in July after remaining unchanged in June, the U.S. Bureau of Labor Statistics reported.

Excluding food and energy, the index increased 0.1% for the fourth month in a row.

The unadjusted consumer price index rose 1.7% for the 12 months ended July, compared to the year-over-year 1.6% rate in June. Excluding food and energy, the unadjusted index increased 1.7% in annual terms, the same increase as for the 12 months ending June.

The energy index declined 0.1% in July in monthly terms, while the food index increased 0.2% in the month.

During the month, the rise in prices for shelter, medical care, motor vehicle insurance, recreation, apparel and airline fares more than offset declines for new vehicles, communication, used cars and trucks, as well as household furnishings and operations.