US inflation spikes 0.6 pct in June on rising gas prices: report
AFP
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Consumer inflation jumped in June as the economy began to reopen in most of the country, rising 0.6 percent and driven by a rebound in gasoline prices, the Labor Department reported Tuesday.

The spike came after three months of declines in the Consumer Price Index amid the shutdowns to contain the coronavirus pandemic.

Gasoline prices had fallen to record lows, but in June jumped 12.3 percent, according to the report.

Excluding volatile food and energy goods, core CPI rose just 0.2 percent.