U.S. consumer prices last month came in below expectations.
The U.S. Department of Labor's Bureau of Labor Statistics said on Jul. 14 (local time) that the U.S. consumer price index (CPI) in June rose 3.5% from a year earlier.
The increase slowed from May's 4.2% and came in below the 3.8% forecast compiled by Dow Jones.
Core CPI, which excludes the more volatile food and energy categories, rose 2.6% from the same month a year earlier. The pace matched the previous month but fell short of the market forecast of 2.8%.
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