The annual rate of US consumer inflation has increased for the sixth consecutive month in June, driven by higher oil and fuel prices and shelter costs. Consumer price index (CPI) figures released by the Bureau of Labor Statistics indicated seasonally-adjusted consumer prices increased by +0.1%, which was under economists’ expectations and lower than May’s +0.2%. However, on a 12-month basis, the consumer inflation rate increased from May’s 2.7% to 2.8%.