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Economics

U.S. Economy: Consumer Prices Rise on Fuel, Food Costs

The cost of living in the U.S. rose in April, led by increases in food and fuel that are starting to filter through to other goods and services.

The consumer-price index increased 0.4 percent, matching the median forecast of economists surveyed by Bloomberg News and following a 0.5 percent advance in March, figures from the Labor Department showed today in Washington. Excluding food and energy, the so-called core gauge rose 0.2 percent.