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US consumer prices unchanged as retail sales fall again

Soft domestic demand temper expectations of strong acceleration in economic growth in 2nd quarter

Reuters  |  Washington 

US consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation that could diminish prospects of a third interest rate increase from the Federal Reserve this year. The soft domestic demand could also temper expectations of strong acceleration in economic growth in the second quarter. The Labor Department said on Friday that the unchanged reading in its Consumer Price Index came as the cost of gasoline and mobile phone services declined further. The CPI's drop of 0.1 percent in May and the lack of a rebound in June could ...

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First Published: Fri, July 14 2017. 20:05 IST
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