RTTNews - The U.S. Labor Department revealed that consumer prices climbed 0.7 percent in June compared to the previous month. Economists had projected an advance of about 0.6 percent.

Compared with last year, consumer prices were down 1.4 percent. This was the largest year-over-year decline since 1950.

Core prices, which exclude the volatile food and energy sectors, advanced 0.2 percent compared to the previous month. Economists had expected an increase of 0.1 percent.

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