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Consumer Price Index Increases Slightly in July, Personal Spending Falls

Wall Street Journal (08/29/14) Eric Morath; Josh Mitchell

The consumer price index for July increased a seasonally adjusted 0.1% from the month before, according to the U.S. Department of Commerce. Excluding food and energy prices, it rose 0.1% from June and 1.5% year-to-year. Meanwhile, personal spending fell 0.1%, the first time spending has fallen since January. Consumer spending rose 0.4% in June.