Consumer prices flat in July as energy retreats

WASHINGTON — Consumer prices were flat in July as energy costs retreated following a big surge in June. Over the past 12 months, prices dropped the most in nearly six decades as the recession and lower energy costs kept a lid on inflation. The Labor Department said today that consumer prices showed no changed in July, in line with analysts’ expectations and far below the 0.7 percent jump in June. For the full story click here