US Inflation Rate Rises in June

The US Department of Commerce revealed Friday that the country's inflation rate rose on a monthly basis during June. The Department said in a statement that consumer prices rose in June by 0.1 percent on a monthly basis after stabilizing in May, while prices rose by 2.5 percent annually during the past month after rising by 2.6 percent during the previous month. It noted that consumer spending rose by 0.3 percent last month, after rising by 0.4 percent in May, while the core inflation rate for consumer prices, which excludes the most volatile goods such as food and energy, reached 0.2 percent on a monthly basis during June, compared to 0.1 percent in May. Source: Qatar News Agency