Local Inflation Remains in Check

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Consumer prices jumped 0.3 percent in the L.A. region in July, trailing a nationwide 0.5 percent jump that was driven by rising fuel prices.


According to the Labor Department’s Bureau of Labor Statistics, the consumer price index for the region that includes Los Angeles, Orange and Riverside counties rose to 201.4 in July from 200.7 in June. (1982 is equal to 100.)


Nationally, the CPI gain was attributed to energy prices, which jumped 3.8 percent. Core inflation, a less-volatile figure, rose by just 0.1 percent in July. New car prices fell by 1 percent.


On Tuesday, the Federal Reserve also reported industrial production rose just 0.1 percent in July, as production slowed after a stronger gain in June. And the Commerce Department said construction starts fell by 0.1 percent in July.

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