Prices hike more than expected in US in June

ISTANBUL

The consumer price index in the US exceeded expectations in June, according to official figures released on Tuesday.

The country's annual inflation rate was 2.7%, according to the Bureau of Labor Statistics, surpassing market expectations of 2.6%.

While the food index posted an increase of 3% in June, the energy index declined 0.8% in June on a yearly basis.

The monthly price increase was 0.3%, the same as forecasts.

The index for shelter rose 0.2% in June and was the primary factor in all items monthly increase.