Rising Gas Prices Push Consumer Price Index Higher Than Expected
The consumer price index (CPI) saw its largest increase in five months due to rising gas prices, though underlying inflation still remains low, according to a Reuters report.
The Labor Department announced that the CPI had increased by 0.5 percent in June, following a 0.1 percent rise in May. Gas prices alone account for two-thirds of the increase, going up 6.3 . . .
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