Friday, December 14, 2007

Energy, Food, Clothing Rising In US

U.S. Consumer Prices Surge

Energy prices gained 5.7 per cent last month, pushed higher by a rise of more than nine per cent in gasoline costs. Food costs shot up by 0.3 per cent in November, leading to a year-over-year increase of 4.8 per cent, the highest since December 1990. Clothing also cost consumers more, as prices rose by 0.8 per cent in the month. That was the biggest price hike since April 1999.

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