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Core Inflation Rising at Fastest Pace in 11 Years
September 29, 2006
The U.S. Commerce Department reported today that consumer prices in the month of August rose 0.2%. Core consumer prices, which exclude food and energy, also rose 0.2%.
Consumer prices are up 3.2% in the past year, and the core personal consumption expenditure price index — the key inflation gauge followed by the Federal Reserve — has gained 2.5% in the past 12 months, the most since January 1995.
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