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May consumer prices rise less than expected (access required)

by Associated Press

Published: June 17,2009

Time posted: 10:45 am

Tags: consumer prices

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The Labor Department reported Wednesday that the consumer price index rose a seasonally adjusted 0.1 percent last month, below analysts' expectations of a 0.3 percent rise. Excluding volatile food and energy costs, core prices also increased 0.1 percent, matching expectations. Low inflation enables the Federal Reserve to keep a key short-term interest rate near zero, where it ...





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