A gasoline pump rests in the tank of a car in San Anselmo, California. (Photo by Justin Sullivan/Getty Images)
The cost of living rose in June, paced by a jump in gasoline that is now reversing, bolstering Federal Reserve Chair Janet Yellen's view that recent increases were temporary. The consumer price index increased 0.3 percent after a 0.4 percent gain the prior month, matching median forecast of 85 economists. The core measure, which excludes volatile food and fuel costs, increased 0.1 percent, less than projected. [Full Story]
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