July CPI up 0.5%, core rate up 0.2%

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July CPI up 0.5%, core rate up 0.2% (by Greg Robb)

WASHINGTON (MarketWatch) - The consumer price index increased 0.5%, the largest monthly gain since March, the Labor Department said Thursday. Energy prices rebounded 2.8% in July after a 4.4% drop in June. Food prices rose 0.4% after a 0.2% gain in the prior month. The core CPI, which excludes food and energy costs, was up 0.2% in July. Economists were expecting the overall CPI to rise 0.4%. The core rate was expected to rise 0.2%.

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