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LATEST US DATA

Core consumer prices in biggest jump in nearly 41/2 years

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RISING rents and medical costs lifted underlying US inflation in January by the most in nearly 41/2 years, signs of an uptick in price pressures that could allow the Federal Reserve to gradually raise interest rates this year.

Washington

RISING rents and medical costs lifted underlying US inflation in January by the most in nearly 41/2 years, signs of an uptick in price pressures that could allow the Federal Reserve to gradually raise interest rates this year.

The Labor Department said on Friday its

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