WASHINGTON, Aug. 16 (Xinhua) -- U.S. consumer prices were flat in July, as the energy prices fell for the first time in five months, said the Labor Department on Tuesday
Consumer Price Index (CPI), a main gauge of inflation, was unchanged in July on a seasonally adjusted basis, compared to an increase of 0.2 percent in June. On a year-on-year basis, the index increased 0.8 percent, down from June's growth of 1 percent, the Labor Department said.
The energy index dropped 1.6 percent in the month, the first decline in five months, while food index was flat. Excluding the volatile food and energy categories, the so-called core CPI went up 0.1 percent in July on a seasonally adjusted basis. The core CPI was up 2.2 percent from a year earlier, slightly lower than June's 2.3 percent increase.
However, the core personal consumption expenditure price index, the Federal Reserve's favored inflation gauge, increased 1.6 percent year on year in June, below the central bank's 2 percent inflation target.
The U.S. Fed could possibly raise interest rate as soon as next month as labor market continues tightening and wage gains start to accelerate, said William Dudley, president of Federal Reserve Bank of New York and a close ally of Yellen, on Tuesday.
Dudley told local media that although the core inflation remained flat in recent months, the inflation seems to be on the trajectory that there is enough economic growth to push up wages and ultimately inflation.
Frozen water in some parts of the South-to-North Water Diversion project will not affect the scheduled arrival of clean water from the Yangtze River to Beijing on Dec 27 Cheap Men's Nike Air Max 95 Ultra Essential Black White , officials said on Sunday.
The project has made careful preparations for problems related to icing, including solutions to remove ice, an official at the Beijing Office for the South-to-North Water Diversion told the Beijing Times.
However, the ice will reduce water conveyance to 60 percent, the newspaper said.
The massive project is designed to take water from the country's longest river, the Yangtze Cheap Men's Nike Air Max 360 All Black , to feed dry areas in the north, including Beijing.
On Dec 12, clear water from the Danjiangkou Reservoir in Central China's Hubei province started flowing through Henan province and Hebei province, crossing the Yellow River on its way to Beijing and Tianjin. It is expected to arrive in the capital in about two weeks.
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Remove Unhealthy fats Through the Diet
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Processed food To stop
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