Consumer prices up 0.5 percent in June on gas hike

WASHINGTON • Higher gasoline costs pushed a measure of U.S. consumer prices up in June. But the overall trend in inflation stayed tame. The Labor Department said Tuesday that the consumer price index increased 0.5 percent in June from May. Two-thirds of the increase came from a 6.3 percent jump in gas prices, the largest since February. Excluding volatile food and energy costs, so-called core prices rose just 0.2 percent. Consumer prices have been stable this year, allowing the Federal Reserve r...

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