2004 Inflation Measure Highest in 4 Years
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Consumer prices jumped 3.3 percent last year as the biggest surge in fuel bills in 14 years pushed up inflation at the fastest pace since 2000, the government reported Wednesday.
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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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Canada&#39;s inflation rate unexpectedly accelerated in November to a 2.4 percent rate, reflecting a jump in prices for new cars, gasoline and houses from a year earlier.
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Core U.S. consumer prices rose 0.2  percent in June, continuing a steady march that has taken the  year-on-year rate of nonfood, nonenergy inflation to 2.4  percent, its highest since September 2002, the Commerce  Department said on Tuesday.
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Premiums for employer-sponsored health insurance increased an average of 11.2 percent in 2004, marking the fourth consecutive year of a double-digit increase and outpacing the growth in wages and inflation by wide margins, according to a survey released
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The higher inflation rate was the result of a surge in oil prices early this year. Oil prices have since leveled off, allowing the inflation rate to return to more modest levels.
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Rising energy prices pushed inflation up to 1.2% in October from 1.1% the previous month, official figures showed today. The Office for National Statistics (ONS) said the largest impact on the consumer price
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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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Inflation averaged 2.2 percent in Germany last year, its highest level in 13 years, data released Wednesday by the national statistics office showed.
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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.
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BEIJING -- Chinese inflation rose to its highest level in more than two years in May, driven by soaring prices for pork and other food, according to government figures released Tuesday.
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Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas
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South Korea's central bank raises interest rates to a six-year high of 4.75% in an effort to tackle inflation.
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Chinaâs inflation rose to 6.5 percent in August, an 11-year high, and the trade surplus widened by 33 percent to $24.97 billion, the second-highest monthly level on record.
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Interest rates have been kept at 4.75% amid signs that five rises over the last year had finally put the brakes on house prices and consumer spending.
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Rising household utility bills helped to push the UK inflation rate higher in December, 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.