© 2024 KRWG
News that Matters.
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Inflation Stayed In Check Last Month: No Change In July

There was no change in the consumer price index last month, the Bureau of Labor Statistics reports.

It's the second month in a row that the index was flat — a sign that inflation remained in check for the first half or so of summer. Whether that trend will continue, however, is uncertain.

A still sluggish economy should continue help hold down inflation. But in recent weeks the price of gasoline has been on the rise. And the drought that has a grip on much of the nation's farm regions is likely to push food prices higher in coming months.

For the 12 months ending in July, prices were up just 1.4 percent.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists – helping them raise the right questions as they do their work and uphold the organization's standards.