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Prices pare gains on consumer price increase
Muhammad Iqbal
16 Jul, 2013
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![](https://i.brecorder.com/images/2013/07/trea34.jpg">NEW YORK: US Treasuries prices pared gains on Tuesday after data showed US consumer prices rose more than expected in June as gasoline prices jumped, reducing fears inflation may continue to fall.</P><P>The Labor Department said on Tuesday its Consumer Price Index increased 0.5 percent, the largest increase since February, after nudging up 0.1 percent in May, though gasoline prices accounted for about two thirds of the increase in the CPI.</P><P>Stripping out volatile energy and food, consumer prices increased 0.2 percent for a second straight month. That took the increase over the 12 months to June to 1.6 percent, the smallest increase since June 2011.</P><P>)