Slow Recovery
By all indications, economic recovery remains a slow process. The Consumer Price Index rose a slight 0.1 percent in July, according to the Labor Department. But the department said inflation remains low, finding that consumer price inflation rose a scant 0.9 percent over the past month. Meanwhile, the consumer confidence index compiled by the University of Michigan dropped slightly from 88.1 in July to 87.9 in early August.
