Inflation watch.
Inflation Watch: Consumer prices rose 0.3 percent in the L.A. region in July, trailing a nationwide 0.5 percent jump that was driven by rising fuel prices. Core inflation Core Inflation A measure of inflation that excludes certain items which face volatile price movements. Core inflation eliminates products that can have temporary price shocks because these shocks can diverge from the overall trend of inflation and give a false measure of inflation.
Core Inflation is thought to be an indicator of underlying long-term inflation., a less-volatile figure, rose by just 0.1 percent in July. New car prices fell by 1 percent.
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