WASHINGTON-U.S. Consumer prices rose for the third consecutive month in June, reducing modest wage gains and sending inflation to its highest rate in more than six years.
The consumer price index, which measures what Americans pay for everything from veterinary services to baby clothes, increased 0.1% seasonally adjusted in June from the previous month, the Labor Department said on Thursday. . Excluding volatile food and energy components, prices increased 0.2%. Economists surveyed by The Wall Street Journal expected an increase of 0.2% …