Consumer prices rose in July

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The Consumer Price Index increased 0.8 percent in July, the U.S. Department of Labor reported today. This follows a 1.1 percent increase in June.

The July 2008 level was 5.6 percent higher than in July 2007.

During the first seven months of 2008, the CPI rose 6.2 percent. This compares with a 4.1 percent increase for the 12 months ending December 2007.

The Consumer Price Index is a measure of the average change in prices over time of goods and services purchased by households.

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