Food boosts inflation, housing data weak
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Higher food costs boosted U.S. inflation, while an indicator of future home construction was the weakest in a decade, signaling continuing deterioration in housing, reports showed on Wednesday.
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Consumer inflation dipped unexpectedly last month thanks to falling gasoline prices while new home construction hit a 12-year low as the housing slump continued to dim the outlook for growth.
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Business & money: House price inflation eased last month to its slowest pace in a year.
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Consumer prices calmed in November, helped by smaller hikes in energy and food. That means the Federal Reserve probably will continue raising interest rates only gradually to keep inflation under control.
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Inflation in May outside of food and  energy posted its slowest annual gain in three years,  suggesting the Federal Reserve is making progress in fighting  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 core  inflation up at its fastest pace in five months.
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Core U.S. consumer prices rose a   less-than-expected 0.1 percent in July, but the year-on-year   rate of nonfood, nonenergy inflation remained at 2.4 percent,   the highest level since September 2002, a Commerce Department   report showed on Thursday.
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A key gauge of core U.S. consumer  prices rose a moderate 0.2 percent last month, but  inflation-adjusted spending advanced just 0.1 percent as energy  prices pressured shoppers, a government report showed on  Friday.
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The U.S. economy grew slightly faster than previously estimated in the first quarter, but still at the weakest pace in more than four years and inflation was higher as well, data on Thursday showed.
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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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Falling energy costs pulled down  U.S. consumer prices last month, but core inflation inched up  and housing starts surged, according to data on Wednesday that  bolstered expectations for a steady diet of interest-rate  rises.
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Food costs went up again but consumers got a break at the gas pumps in June, helping to lower inflation to 0.2 percent, the smallest increase in five months.
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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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WASHINGTON -- Food costs went up again but consumers finally got a break at the gas pumps in June, helping to lower inflation to the smallest increase in five months.
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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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WASHINGTON -- 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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Core U.S. consumer prices rose a  less-than-expected 0.1 percent in July, but the year-on-year  rate of nonfood, nonenergy inflation remained at 2.4 percent,  the highest level since September 2002, a Commerce Department  report showed on Thursday.