Consumer Prices Rise Sharply In July

NEW YORK - AUGUST 14: People shop at an Ikea home furnishing store August 14, 2008 in the Brooklyn borough of New York City. A new government report has shown that U.S. inflation has risen to a 17-year-high annual rate in July, led by gains in energy, food, airline fares and apparel. Consumer prices rose by 0.8 per cent in July, which means that the cost of living in America is rising at a rate of 5.6 per cent over the year as a whole. (Photo by Spencer Platt/Getty Images)
NEW YORK - AUGUST 14: People shop at an Ikea home furnishing store August 14, 2008 in the Brooklyn borough of New York City. A new government report has shown that U.S. inflation has risen to a 17-year-high annual rate in July, led by gains in energy, food, airline fares and apparel. Consumer prices rose by 0.8 per cent in July, which means that the cost of living in America is rising at a rate of 5.6 per cent over the year as a whole. (Photo by Spencer Platt/Getty Images)
Consumer Prices Rise Sharply In July
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Spencer Platt / Staff
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August 14, 2008
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