Dollar slips after US inflation data

NEW YORK, Aug 12 (Reuters) - The U.S. dollar slipped against the euro on Tuesday, after data showed U.S. consumer prices increased moderately in July.

The consumer price index rose 0.2% last month after gaining 0.3% in June, the Labor Department's Bureau of Labor Statistics said on Tuesday. In the 12 months through July, the CPI advanced 2.7% after rising 2.7% in June. Economists polled by Reuters had forecast the CPI rising 0.2% and increasing 2.8% year-on-year.

The euro rose 0.1% versus the dollar to $1.1625, while the greenback pared gains against the yen to trade 0.1% higher at 148.29 yen. (Reporting by Saqib Iqbal Ahmed; Editing by Andrew Heavens)