Partly reflecting another notable increase in energy prices, the Labor Department released a report on Friday showing that U.S. consumer prices rose in line with economist estimates in the month of June.
The Labor Department said its consumer price index climbed by 0.3 percent in June following a 0.4 percent increase in May. The continued increase in prices matched economist estimates.
Excluding food and energy prices, core consumer prices still rose by 0.2 percent in June after inching up by 0.1 percent in the previous month. The uptick in core prices also came in line with expectations.
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