Higher Energy Prices Raise Consumer Inflation

Washington, DC, Aug. 13, 2010–The Consumer Price Index rose 0.3% in July to reach the largest gain since August of 2009, in line with expectations, the Labor Department reported Friday.

The energy index in July rose 2.6%, its first gain since January.

The core rate, which excludes volatile food and energy prices, rose 0.1% in July.

Prices for shelter, apparel and tobacco all rose in July, while there were price declines for medical care, recreation and airline fares.