Friday, June 15, 2007

May consumer prices rise but core prices tame

(Reuters) - A steady rise in food and energy costs pushed overall U.S. consumer prices up 0.7 percent in May, the sharpest rise in 1-1/2 years, a government report showed on Friday.




But the core measure of the Labor Department's Consumer Price Index, which removes food and energy, rose just 0.1 percent, below Wall Street's median forecast of 0.2 percent.


Read more at Reuters.com Business News

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