Yahoo! News – Consumer Inflation Moderates in June: “Consumer Price Index, the most widely used gauge of inflation, rose 0.3 percent — half the 0.6 percent jump posted in May when gasoline prices were soaring but slightly ahead of Wall Street economists’ forecasts for a 0.2 percent rise.

So-called core CPI, which strips out volatile food and energy costs, edged up a smaller-than-expected 0.1 percent in June following a 0.2 percent May increase. Over the past 12 months, core inflation has risen 1.9 percent.

Energy costs remained a key factor behind higher consumer prices. The Labor Department said energy accounted for about two-thirds of the overall rise in the overall index. Gasoline, natural gas, fuel oil and electricity costs all were higher than in May. “

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