Consumer Prices in U.S. Climb on Jump in Gasoline Costs
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The cost of living in the U.S. rose at a slower pace in June and home sales climbed to an eight-month high, showing the economy is generating little price pressure as growth accelerates.
The consumer price index increased 0.3 percent after a 0.4 percent gain the prior month, figures from the Labor Department showed today in Washington. Purchases of existing houses advanced 2.6 percent to a 5.04 million annual rate, the National Association of Realtors reported.