Consumer Prices: Biggest Jump Since May
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Surging energy costs drove US consumer prices up by a hefty and larger-than-expected 0.6 percent last month, the biggest jump since May, a government report showed on Wednesday.
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Surging food prices boosted China's annual consumer price inflation in May to a 27-month high, extending a rising trend and reinforcing expectations that interest rates will rise further.
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A steady rise in food and energy  costs pushed overall U.S. consumer prices up 0.7 percent in  May, the sharpest rise in 1-1/2 years, a government report  showed on Friday.
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The pound leapt Tuesday to the highest level against the dollar since 1981, as dealers seized on June inflation data that pointed toward higher British interest rates, analysts said.
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US consumer prices - stoked by more expensive gasoline as well as pricier fruits and vegetables - heated up in October, rising by 0.6 per cent, the biggest gain in five months.
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US consumer prices in October rose by their biggest amount in five months as households were faced with higher energy and fresh food costs.
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WASHINGTON -- Consumers boosted their spending in May as their incomes grew solidly, an encouraging sign that high gasoline prices haven't killed people's appetite to buy. Inflation moderated.
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Consumer spending rose at the fastest rate in more than two years in November and prices also climbed sharply, according to a government report on Friday that showed the economy on firmer ground than many had believed.
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WASHINGTON -- Consumer inflation surged by the largest amount in more than two years in November, led by gasoline prices. The cost of clothing, airline tickets and prescription drugs also jumped.
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Consumer prices in October posted their biggest increase in five months, pinching people&#39;s pocketbooks at the gas pump and the grocery store.
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US inflation for all of 2007 hit the highest rate for 17 years, as surging energy and food costs pushed up prices.
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Wholesale costs -- catapulted by more expensive energy and food -- soared last month by the largest amount in more than 14 years. With inflation at the producer level accelerating sharply after months of being
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Wholesale inflation rose last month at the fastest pace in more than 14 years, largely because of steep jumps in energy and food costs, the government reported yesterday, raising concerns
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US retail sales rose in May at the strongest pace in 16 months as American consumers splurged on many more purchases than anticipated, a government survey showed Wednesday.
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Prices paid to US producers rose more than forecast in May, reflecting a fourth consecutive jump in fuel costs that might foreshadow a broader pickup in inflation.
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Inflation grew in November at its fastest pace in two years, as sky-high oil prices pushed up the costs of other products, while consumer purchases rose a bigger-than-expected 1.1 percent.
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The biggest jump in gasoline prices in six months helped push inflation at the wholesale level higher in May although inflation outside of energy remained well-behaved.