US gross domestic product increased at a 2.4 per cent annualised rate last quarter, the government said in its advance estimate of second-quarter GDP, Reuters reported. The economy grew at a 2.0 per cent pace in the January-March quarter. Economists polled by Reuters had forecast GDP would rise at a 1.8 per cent rate in the April-June period. The government’s measure of inflation in the economy, the price index for gross domestic purchases, rose at a 1.9 per cent rate, the slowest in three years. This followed a 3.8 per cent pace of increase in the first quarter. US oil...