January consumer prices up more than expected
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U.S. consumer prices rose more than expected in January despite a dip in energy prices, as medical costs jumped, according to a Labor Department report on Wednesday that revived worries of inflation.
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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 so-called core inflation up at its fastest pace in five months.
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U.S. consumer confidence rose in  January after improving in December, as consumers registered  greater satisfaction with the short-term outlook for the  economy than its longer-term prospects, a private business  group said.
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Retail sales were up 0.3% in January as shoppers put aside worries about the slumping economy.
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U.S. incomes rose much more sharply  than expected in January, while spending and core consumer  price growth also outpaced forecasts, a government report  showed on Thursday.
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Consumer prices rose faster than most workers' wages last year, as surging energy prices pushed inflation to the highest level in four years, the Labor Department said yesterday.
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Consumer prices rose an as-expected 0.2% last month, a government report showed Tuesday, but a sharp jump in lodging costs helped push so-called core inflation up at its fastest pace in five months.
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US incomes grew at their fastest pace in a year during January, official figures show.
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Sales at retailers unexpectedly rose 0.3 percent in January, partly reflecting stronger sales of new cars and gasoline, according to a Commerce Department report on Wednesday.
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Chinese consumer inflation rose in February on the back of higher food costs, but economists said they did not expect price pressures to get out of hand despite breakneck growth and plentiful cash in the banking system.
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WASHINGTON: US 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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WASHINGTON -- Consumers' borrowing grew in January, reflecting an increase in auto loans. The Federal Reserve reported yesterday that consumer credit rose at a 3.2 percent annual rate, up from December's 2.5 percent increase.
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Consumer prices rose by a slightly  bigger-than-expected 0.2 percent in June on higher food costs  and they were up by the same amount after stripping out  volatile food and energy prices, the Labor Department reported  on Wednesday.
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A widely watched indicator of consumer confidence unexpectedly rose for the second month in a row in January, a private research group reported Tuesday.
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Surging energy costs drove U.S. consumer prices up a hefty and larger-than-expected 0.6 percent last month, the biggest jump since May, while housing starts showed the most strength since December, government reports showed on Wednesday.
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WASHINGTON - U.S. incomes and spending rose as expected in December, while core consumer prices gained less than anticipated, suggesting inflation is contained, a government report showed on Thursday.
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WASHINGTON -- Inflation at the consumer level rose by a larger-than-expected amount in January as falling energy prices only partially offset big increases in the cost of medical care, food and airline tickets.