U.S. Consumer Prices Rise Slightly Less Than Expected In July

(RTTNews) - Consumer prices in the U.S. saw a modest increase in the month of July, according to a report released by the Labor Department on Wednesday, with the pace of growth coming in below analyst estimates.

The Labor Department said its consumer price index edged up by 0.1 percent in July after climbing by 0.3 percent in June. Economists had expected prices to rise by 0.2 percent.

Excluding food and energy prices, the core consumer price index also ticked up by 0.1 percent in July following a 0.2 percent increase in June. Core prices were also expected to rise by 0.2 percent.