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Consumer prices rose 0.3% in June on big jump in gas costs
Consumer prices rose 0.3% in June on big jump in gas costs

A big jump in how much Americans pay at the gas pump pushed consumer prices up 0.3% in June, but the overall inflation trend remained steady, the Labor Department said Tuesday. The rise in the Consumer Price Index was less than the seasonally adjusted 0.4% increase in May. And for the 12 months ended in June, prices were up 2.1% -- the same annual rate as in May. Gas prices surged 3.3% in June, the biggest jump in a year, as global tensions drove up oil prices. The increase accounted for two-thirds of the overall rise in consumer prices last month, the Labor Department said. Food prices barely increased, rising just 0.1% in June after a 0.5% rise the previous month. Food and energy...

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