HaVe a NiCe dAy

Tuesday, 16 July 2013

Petrol prices driven by U.S. inflation rate in June,

U.S. consumer prices increased primarily due to an increase in the pump price of petrol, rose more than expected in June, government data released on Tuesday showed.
The Labor Department's Consumer Price Index of 0.1 percent when quality, has increased 0.5% from May.
Excluding food and energy prices, core CPI, 0.2 percent in May as the pace increased.
Core CPI came in as expected by June headline prices estimated by analysts on average had more than 0.3 per cent.
Still, inflationary pressures still four years after the Great Recession ended a tepid economy struggling to gain traction among the control.
On a 12-month basis, consumer prices increased 1.4% in May, up from 1.8 percent in June.
Core prices, since June 2011, the smallest 12-month change was 1.6 percent, the Department identified.
With data rates of inflation, inflation target of 2.0 percent, the Federal Reserve are shown below.
"Consumer prices steady in slow especially seem to end up, but acceleration will be held," Moody's Analytics said Arijit Dutta.
Gasoline prices increased 6.3 percent in June CPI increase accounted for about two-thirds, the Labour Department said.
Overall, the energy index in May rose 3.4% after a 0.4% increase.
Food prices declined in the first month after a 0.1 per cent 0.2 per cent level.

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