Inflation May Take Longer to Reach Fed's Goal After Today's CPI Report
Unchanged CPI Slows Pace to Fed's Inflation Goal
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Little change in the U.S. cost of living in June signals inflation may take even longer to reach the Federal Reserve’s goal, a Labor Department report showed Friday.
Core consumer inflation last accelerated in January, on a year-over-year basis. In June, the smaller-than-forecast monthly advance reflected declines that extended beyond just a few categories. Household furnishings, clothing and hotel stays were also cheaper last month.