With a steep drop in energy prices offset by higher prices for food, medical care, and apparel, the Labor Department released a report on Tuesday showing that overall U.S. consumer prices were unchanged in the month of June.
The Labor Department said its consumer price index came in unchanged in June following a 0.3 percent drop in May. The flat reading on consumer prices came in line with economist estimates.
Excluding food and energy prices, the core consumer price index rose by 0.2 percent in June. The modest increase matched the core price growth seen in the three previous months and came in line with expectations.
by RTT Staff Writer
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