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Consumer Prices in U.S. Increased in June as Fuel, Rents Climbed

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The cost of living in the U.S. rose in June, propelled by a rebound in fuel prices and sustained gains in rents that is driving inflation closer to the Federal Reserve’s goal.

The consumer-price index climbed 0.2 percent for a second month, Labor Department figures showed Friday in Washington. A second consecutive decrease in food costs held it below the median forecast of 82 economists surveyed by Bloomberg, which called for a 0.3 percent advance.