Fuel pushes up US inflation rate
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US inflation rose more quickly than expected in May, as higher petrol costs hit consumer prices.
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U.S. retail gasoline prices jumped  passed $1.90 a gallon for the first time since early December  and diesel fuel costs rose to the highest level in seven weeks,  the Energy Department said on Monday.
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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 $2 a gallon, its highest level since June, a leading  industry analyst said on Sunday.
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WASHINGTON -- 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.
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U.S. retail gasoline prices jumped almost a nickel over the last week to the highest level in a month as tight motor fuel supplies threatened to send pump costs higher, the government said on Tuesday.
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Higher oil prices pushed up inflation in the UK and sent factory prices in the US to a 15-year high, according to official figures released on both sides of the Atlantic yesterday.
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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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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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The average retail price of a gallon of gasoline in the United States cost about 6.5 cents more last week, rising for the first time since early July on the back of higher crude oil prices, an industry analyst said on Sunday.
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OTTAWA (CP) - Higher gasoline prices compared with one year earlier helped to drive up the annual inflation rate to 2.4 per cent in November, Statistics Canada said Friday.
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A big jump in energy costs sharply pushed up prices that U.S. manufacturers and wholesalers paid for goods last month, but outside of energy the inflation picture looked tame.
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US prices saw their biggest rise in two years in November, boosted by energy prices, official figures show.
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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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Rising energy costs drove up US consumer prices a larger-than-expected 0.6 percent in October, while industrial output and housing starts rebounded strongly from the prior month.
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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 that businesses may be under growing pressure to raise consumer prices.
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Wholesale prices in the US surges ahead in May, up 0.9%, adding to concerns over continuing inflation risks
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Led by higher gasoline prices, consumer inflation shot up in November by the largest amount in more than two years.