Consumer prices in the U.S. rose by a little more than expected in the month of June, according to a report released by the Labor Department on Tuesday, with the price growth largely due to a jump in gasoline prices.
The Labor Department said its consumer price index rose by 0.5 percent in June after inching up by 0.1 percent in May. Economists had been expecting prices to increase by 0.4 percent.
Excluding food and energy prices, the core consumer price index edged up by 0.2 percent in June, matching the increase seen in the previous month as well as economist estimates.
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