Wednesday, July 18, 2007

Consumer prices edge up on food costs

(Reuters) - Last month's gain in the Consumer Price Index was slightly larger than the 0.1 percent advance Wall Street economists were expecting to see after a fall-off in energy prices. But the increase in the more closely watched core prices index was directly in line with expectations.




"On balance the numbers show inflation is relatively contained," said Omer Esiner, foreign exchange market analyst with Ruesch International in Washington.


Read more at Reuters.com Business News

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