Consumer prices up 2.9%, leaving Americans worse off

In this June 14, 2018, file photo, gasoline prices are displayed on a pump. On Friday, Aug. 10, the Labor Department reported on U.S. consumer prices for July - showing a 2.9 percent increase. (Gerry Broome/AP, File)

In this June 14, 2018, file photo, gasoline prices are displayed on a pump. On Friday, Aug. 10, the Labor Department reported on U.S. consumer prices for July - showing a 2.9 percent increase. (Gerry Broome/AP, File)

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