US prices jump most in two years
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US prices saw their biggest rise in two years in November, boosted by energy costs, official figures show.
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Led by higher gasoline prices, consumer inflation shot up in November by the largest amount in more than two years.
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Chinese inflation hits its second 10-year high in two months, led again by a sharp rise in meat prices.
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Consumer prices jumped a  bigger-than-expected 0.8 percent in November, the sharpest  climb in more than two years and driven by surging energy  costs, a government report released on Friday showed.
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Core U.S. consumer prices rose 0.2  percent as expected in August, but a year-on-year inflation  index was at an 11-year high, pointing to risks of inflation, a  government report showed on Friday.
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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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U.S. producer prices jumped a  bigger-than-expected 2 percent in November, the largest gain in  more than three decades, on a spike in energy prices, a  government report showed on Tuesday.
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Oil prices have surged to two-week highs following news that supplies in the US are tightening. In New York on Thursday, the cost of a barrel of oil rose almost $2 to $44.
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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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Business & money: Unemployment in the United States rose to its highest level in more than two years last month
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The dollar edged toward a two-month high  against the euro on Friday, buoyed by expectations that U.S.  interest rates will continue to rise steadily, attracting funds  to the United States.
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Oil prices surged more than two dollars  on Wednesday as the U.S. government reported a fall in heating  oil stocks and cold weather gripped the U.S. Northeast, the  world's biggest heating fuel market.
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Consumer prices posted their biggest gain in more than two years in November as energy costs surged and a host of other prices marched higher, damping prospects of further interest-rate cuts from the Federal Reserve.
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Oil prices jumped to the highest level in two weeks on Thursday, buoyed by a cold weather front in the United States and below-average stocks of winter heating fuels.
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U.S. consumer prices rose an as-expected 0.2 percent last month, a government report showed on Tuesday, but a sharp jump in lodging costs helped push core inflation up at its fastest pace in five months.
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The average U.S. retail price of gasoline rose more than 5 cents in the past two weeks to more than &#36;2 a gallon, its highest level since June, a leading industry analyst said on Sunday.
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NEW YORK - Oil prices jumped nearly two dollars on Thursday after the US government said crude stocks fell to a fresh five-month low last week and distillate fuel inventories barely grew ahead of winter.