U.S. CPI Rose; New York Area Manufacturing Shrank

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June 15 (Bloomberg) -- The cost of living in the U.S. rose more than forecast in May reflecting higher prices for everything from autos to hotel rooms. The consumer-price index increased 0.2 percent, figures from the Labor Department showed today. The so-called core measure, which excludes more volatile food and energy costs, climbed 0.3 percent. Separately, the Federal Reserve Bank of New York’s general economic index dropped to minus 7.8 in June, the lowest level since November, from 11.9 last month. Bloomberg's Michael McKee and Betty Liu report on Bloomberg Television's "In the Loop." (Source: Bloomberg)


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