date:Jul 16, 2014
argest rise since March 2012.
Sluggish global demand and a fairly strong dollar are keeping imported inflation subdued. Domestic inflation, however, is steadily creeping as the labor market gradually tightens.
That could put the Federal Reserve on course to start increasing interest rates by the second half of next year.
Imported petroleum prices increased 1.4 percent in June after rising 2.2 percent in May. Imported food prices fell 1.7 percent, the largest drop since February 2012. Food pri