US Inflation Remains at 3.6%, Consumer Prices Decline 0.2% in June 2011

Consumer prices declined in June 2011 for the first time in a year as energy costs dropped by the biggest amount since 2008, the latest US inflation figures from the government revealed Friday.

All was not rosy, however, as core US inflation climbed faster than expected due to higher prices in other goods and services. Americans continue to pay more for rent, cloths, used cars and trunks and medical care.

Consumer prices declined 0.2 percent in June, a level that was in line with most forecasts. Continue reading