Washington, DC, August 1, 2006--Core consumer inflation matched an 11-year high in June, keeping the pressure on the Federal Reserve to fight inflation, the Commerce Department reported Tuesday.
The core personal consumption expenditure price index (excluding food and energy) increased 0.2% for the third straight month in June, and has risen 2.4% in the past 12 months, matching the largest year-over-year gain since April 1995.
Consumer prices including food and energy also rose 0.2% in June, and are up 3.5% in the past year.
