Consumer Prices in U.S. Rise More Than Forecast on Fuel

The cost of living in the U.S. rose in June by the most in four months as gasoline prices increased, a sign inflation is advancing toward the Federal Reserve’s goal.

The consumer-price index increased 0.5 percent after a 0.1 percent gain the prior month, Labor Department figures showed today in Washington. The median forecast in a Bloomberg survey called for a 0.3 percent rise. The biggest advance in gasoline prices in four months accounted for about two-thirds of the gain the in the CPI. The core measure, which excludes food and fuel, rose 0.2 percent, matching the May gain and the survey median.