US consumer prices jump 1.1 pct in June

WASHINGTON, July 16, 2008 (AFP) - US consumer prices soared at the strongest pace in 26 years in June, rising 1.

1 percent from May, the Labor Department said Wednesday. On a 12-month basis, CPI was up 5.


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0 percent in June and core CPI was 2.
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4 percent higher.

Core prices excluding energy and food climbed 0.3 percent, the agency reported.


Most analysts had expected a gain of 0.

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7 percent in headline inflation and a 0.2 percent rise in core inflation.
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The advance in the Labor Department's consumer price index (CPI) was the sharpest since June 1982, while the core inflation gain was the strongest since January.

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