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May 18, 2006
Consumer Prices Continue To Climb
U.S. consumer prices rose 0.6% in April, compared to a 0.4% increase in March, the Labor Department reported this week.
The April increase was driven by a 3.9% jump in energy prices, sparking fears that inflation is on the rise and the Fed may increase interest rates once again.
Consumer prices were also given a boost by the increasing cost of services, which pushed up core factors such as rent.
Posted by Blacks on May 18, 2006 08:42 AM
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