(Reuters) - Food prices advanced 0.5 percent in June, continuing a string of increases. They contributed 17 percent to the overall CPI increase in the first half of this year. Energy prices were down 0.5 percent last month, but the Labor Department said for the first half of this year, they advanced at a 27.8 percent seasonally adjusted annual rate and accounted for about 48 percent of the advance in the overall CPI.
Ex-food, ex-energy prices were up 2.2 percent from the same time a year ago, this was in line with expectations. The overall CPI was up 2.7 percent from a year ago, slightly more than the 2.6 percent advance economists were expecting.
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Ex-food, ex-energy prices were up 2.2 percent from the same time a year ago, this was in line with expectations. The overall CPI was up 2.7 percent from a year ago, slightly more than the 2.6 percent advance economists were expecting.
Read more at Reuters.com Business News
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