US consumer prices fall in June

| July 18, 2011 | 0 Comments

The Labor Department has revealed the US Consumer Price Index, the core rate of inflation, fell 0.2% in June.

The fall was attributed to a drop in energy costs and was the first monthly fall in a year.

Meanwhile, the annual inflation rate remained steady at 3.6%.

However, the gain in core inflation (which strips out the cost of energy and food) was the biggest monthly rise in three years, leading some analysts to believe that inflationary pressures are growing.

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