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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: patron_anejo_por_favor who wrote (309)2/20/2004 9:04:08 AM
From: mishedlo  Read Replies (1) of 116555
 
Rising energy costs boost U.S. consumer prices in Jan.
Consumer prices rose a sharp 0.5 percent in January, the Labor Department reported Friday. This is the largest gain in the CPI since Feb. 2003. Over three-fourths of the increase in the consumer price index came from higher energy costs, which rose 4.7 percent. Excluding food and energy costs, the core CPI rose 0.2 percent in January. Over the past 12 months, the CPI has risen 1.9 percent. The core rate is up 1.1 percent. Economists were expecting the CPI to rise 0.3 percent and the core rate to rise 0.1 percent.
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