Mumbai, Aug. 1 -- A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June.
The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.
The annual rate of growth by the PCE price index accelerated to 2.6 percent in June from an upwardly revised 2.4 percent in May.
The report said the core PCE price index, which excludes food and energy prices, also rose by 0.3 percent in June after edging up by 0.2 percent in May.
The annual rate of growth by the core PCE price index for June came in at 2.8 percent, unchanged fro...