Tuesday, April 17, 2007

WRAPUP 2-U.S. core inflation muted, homebuilding up

(Reuters) - WASHINGTON, April 17 - U.S. core inflation dipped in March and groundbreaking for new homes rose slightly as the economy demonstrated anew an ability to keep growing without generating surging prices.

The Labor Department on Tuesday said its monthly Consumer Price Index climbed 0.6 percent after a 0.4 percent February rise. But core prices, which exclude food and energy, were up only 0.1 percent after larger gains of 0.2 percent in February and 0.3 percent in January.


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