Longest sustained increase in inflation for a decade.
The Labor Department reported that the core Consumer Price Index, which does not include food and energy prices, rose by 0.3 percent in June, its fourth consecutive increase. That was a larger increase than economists expected, and represented the longest period of high inflation in the core rate since the first four months of 1995.
The consensus estimate, according to a survey by Bloomberg News, was for a 0.2 percent rise in June.
The core index was 2.6 percent higher last month than in June 2005, which was the biggest year-to-year jump since early 2002.