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Consumer Prices Jump in July; Inflation at 17-Year High

By the Associated Press

Posted Aug 14, 2008 9:07 AM CDT

(AP) – US consumer prices shot up 0.8% in July, twice the expected rate, pushed higher by surging energy and food costs, the AP reports. The spike left inflation running at 5.6%, the fastest pace in 17 years, the Labor Department reported today. It marked... Read full story »

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inflation • Federal Reserve • economic indicators • core inflation • consumer prices

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Consumer Prices Jump in July; Inflation at 17-Year High

inflation • Federal Reserve • economic indicators • core inflation • consumer prices

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More Newser Stories

Consumer Prices Surge Most Since '91

Consumer prices up 1.1%; wholesale up 1.8%.

What Inflation? Consumer Prices Fall 0.1%

Fed's rate cut looks good as housing, gas prices hit books

Consumer Prices Dive 1%, Biggest Drop in 61 Years

Oil's record decline leads to 1% overall drop

Surging Energy Prices Drive Global Inflation

Food costs, up 83% in 3 years, also slap worldwide economies

Consumer Prices Flat in Feb.

Lack of increase means Fed has an open door to a big rate cute next week

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