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 WASHINGTON (AP) - Consumer prices in June were well-behaved for a second month, while consumer spending revved up overall economic activity. Two government reports released Thursday showed that inflationary pressures were contained in June. At the same time, consumers hit the shopping malls and dealer showrooms, spurred by the start of summer and attractive auto incentives.
The Labor Department said the Consumer Price Index was unchanged in June, compared with decline of 0.1 percent in May. That had been the first outright drop in 10 months.
The spotty performance over the past two months came from sharp declines in gasoline and other energy products, and helped to ease fears about that inflationary pressures might be mounting.
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