India, July 31 -- 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.
Economists had expected the index to climb by 0.3 percent compared to the 0.1 percent uptick originally reported for the previous month.
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.
Economists had expected the annual rate of growth by the index to accelerate to 2.5 percent from the 2.3 percent ori...