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...surged the largest amount in more than two years in November, led by huge jump in gasoline prices. Inflation also hit home with big increases in the cost of clothing, airline tickets and prescription drugs. The 0.8 percent rise in consumer prices was worse than the 0.6 percent advance that economists had expected. With one month to go, inflation in 2007 is rising at an annual rate of 4.2 percent! This well outweighed the 2.5 percent increase in 2006. There is worry that the jump in energy costs will leave consumers with less money to spend on other items, worsening the slowdown in...
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