The Labor Department on Thursday said that the consumer price index (CPI), a broad measure of how much everyday goods like gasoline, groceries and rent cost, fell 0.1% in June from the previous month. Prices remain up 3% from the same time last year.&nbsp;

Both of those figures are lower than the 0.1% monthly increase and 3.1% headline gain forecast by LSEG economists.

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The Labor Department on Thursday released the closely watched June consumer price index report, revealing just how hot inflation was running last month.{ai:summary}<p>Labor Department reported CPI fell 0.1% in June; prices up 3% from last year, lower than forecast. Developing story in #economy.</p>

Inflation unexpectedly falls to 3% in June

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