U.S. Consumer Prices Dipped Slightly In June
Posted By thestatedtruth.com on July 16, 2010
U.S. consumer prices dipped slightly in June, but the core measure that strips volatile food and energy prices posted its largest gain since October 2009.
The Labor Department said in a report Friday that the seasonally-adjusted consumer price index slid 0.1% last month, knocked down by a decline in energy prices. In May, consumer prices were down an unrevised 0.2%.
Core consumer prices, closely watched by the Federal Reserve, were up 0.2% as prices for apparel, medical care and cigarettes rose.
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