Consumer prices rose 0.2% in July, in line with expectations
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Consumer prices rose 0.2% in July, in line with expectations

Inflation rose as expected in July, driven by higher housing-related costs, according to a Labor Department report Wednesday that is likely to keep an interest rate cut on the table in September. The consumer price index, a broad-based measure of prices for goods and services, increased 0.2% for the month, putting the 12-month inflation rate at 2.9%. Economists surveyed by Dow Jones had been looking for respective readings of 0.2% and 3%. Excluding food and energy, core CPI came in at a 0...