U.S. consumer prices rose a seasonally adjusted 0.3% in June because of higher gasoline prices, the Labor Department said Tuesday. The rise in gas accounted for two-thirds of the overall June gain, the department said. Energy prices rose 1.6% as other indexes were mixed. Food prices rose a slim 0.1% in June after a 0.5% gain in May. The core CPI, which excludes volatile food and energy costs, rose 0.1% after a sharp 0.3% gain in May. Economists surveyed by MarketWatch had expected the overall CPI to rise 0.3% and core rate to increase by 0.2%. Consumer prices have risen an unadjusted 2.1% over the past 12 months, the same level as May. The core index rose 1.9% over the past 12 months, a slight decline from 2.0% in May. Real or inflation-adjusted hourly wages were flat in June at $10.30. Real wages have declined 0.1% over the past 12 months.

Copyright © 2014 MarketWatch, Inc.