U.S. Fed's closely watched inflation measure rises 2.5 pct in July

WASHINGTON, Aug. 30 (Xinhua) -- The U.S. personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, rose 2.5 percent in July compared with a year ago, as inflation continued to cool amid high interest rates, the Commerce Department reported on Friday.

The latest figure came after the measure ticked up from 2.5 percent in February to 2.7 percent in March, remained at 2