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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: SeachRE who wrote (160618)7/15/2009 10:47:38 AM
From: Hope Praytochange2 Recommendations  Respond to of 173976
 
demoRATS mute on gasoline price: WASHINGTON (Reuters) — United States consumer prices rose at a slightly faster-than-expected 0.7 percent pace in June, but the bulk of the increase was due to soaring gasoline prices and the core measure of inflation remained relatively tame, government data on Wednesday showed.

The Labor Department said the rise in the Consumer Price Index was the largest since July 2008. Wall Street analysts polled by Reuters had forecast a 0.6 percent increase, compared with the 0.1 percent gain reported in May.

Gasoline prices jumped 17.3 percent last month, the largest increase since September 2005, and explained the bulk of the increase in the index, the Labor Department said.