00:00It's Benzinga, bringing Wall Street to Main Street
00:02U.S. consumer prices edged up 0.1% in July after falling 0.4% in June, as gasoline
00:08prices fell
00:09for a second straight month and underlying inflation remained mild, according to Reuters.
00:13Gasoline prices fell 2.9% in July, while food prices rose 0.1%, and grocery prices dipped 0.1
00:21%
00:21as pork and ground beef costs declined. Ground beef prices were still up 9% from a year earlier,
00:26while lettuce prices plunged 16.4%, likely due to weaker demand tied to a cyclosporiasis outbreak.
00:32Economists said a rate hike this year remained possible because inflation was still above the
00:36Fed's 2% target, with August inflation and jobs data due before its September meeting.
00:41For all things money, visit Benzinga.com.
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