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U.S. consumer spending rises

WASHINGTON, Aug. 2 (UPI) -- Consumer spending rose 0.5 percent in June, pushed by a climb of 0.4 percent in prices, the U.S. Commerce Department said Friday.

Spending adjusted for inflation rose 0.1 percent, the same as in May, the department said.

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Personal incomes climbed 0.3 percent, or by $45.4 billion. Spending rose by $59.4 billion.

Core prices, which excludes energy and food items, rose by 0.2 percent from May and 1.2 percent from June 2012, a sign that inflation is relatively calm.

It is the third consecutive month core prices rose 1.2 percent.

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