Monthly consumer price gains stay modest in Colorado, West

DENVER BUSINESS JOURNAL - August saw a repeat of July's modest month-to-month gains in consumer prices in Colorado and other western states, although there was a slight rise in the year-over-year inflation rate, a new report Friday says.

The latest consumer price index (CPI) report for the western states from the U.S. Bureau of Labor Statistics shows prices of typical goods and services up 0.1 percent in August from the month before, the same gain as in July.

However, prices rose 1.6 percent in the West from a year earlier, up from 1.4 percent in July.

Transportation costs -- including gasoline -- helped hold overall price gains in check last month, declining 1.8 percent from the previous month and 5.9 percent from a year earlier.

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(© 2016 American City Business Journals.


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