U.S. consumer prices rose in June at a slightly slower pace than in May with two-thirds of the June advance driven by the largest jump in gasoline prices in a year.
Prices rose 0.3 percent in June following a 0.4 percent rise in May, the Labor Department reported Tuesday. The May increase had been the biggest one-month gain in more than a year.
Food costs edged up just 0.1 percent, the smallest gain since January.
Overall prices have risen 2.1 percent in the past 12 months.
The AAA says the nationwide average for a gallon of gas stood at $3.57 on Monday, down from $3.68 a month ago and an indication that energy prices may be easing slightly.
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