Consumer prices rise 0.3 percent in August (AP)

WASHINGTON � Consumer prices posted a small rise in August, but outside of a big jump in volatile gasoline prices inflation was essentially flat.

The Labor Department says consumer prices edged up 0.3 percent in August, matching the July increase. Core inflation, which excludes food and energy, showed no increase in August.

The recession and the weak recovery since that time have banished inflation as an immediate threat. Sluggish demand is preventing most businesses from raising prices and high unemployment is keeping a lid on wage pressures.

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