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4/17/11

US Economy: US consumer inflation gains most in 15 months as food and petrol prices increase - by Alex Webb

The US Labor Department said that consumer prices climbed a higher-than-expected 2.7pc in March from a year before.

Almost three quarters of the rise was due to surging food and petrol prices, with petrol costs climbing 5.6pc, the ninth straight month of increases. Food rose 0.8pc in March, the largest gain since July 2008.

A survey of 41 economists by Bloomberg had on average expected annual inflation to hit 2.6pc.

For more: US consumer inflation gains most in 15 months as food and petrol prices increase - Telegraph

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