Wednesday, November 18, 2009

Housing starts fall sharply, inflation edges up (Reuters)

U.S. consumer prices rose more than expected in October, chiefly from increases in energy and motor vehicle costs, according to government data on Wednesday that showed the economy may have to confront some inflation threats during its recovery from the worst recession in 70 years. REUTERS/GraphicReuters - Construction of new homes in the United States hit a six month low in October, providing more evidence of the economys sluggish recovery, while a surge in the cost of new and used vehicles lifted consumer prices.

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