Gasoline lifts inflation, confidence teeth
WASHINGTON (Reuters) – Consumer prices rose the most in 10 months in February as the cost of gasoline spiked, but there was little sign that underlying inflation pressures were building up. Surging gasoline prices put a small dent in consumer confidence early this month, other data showed on Friday. Still, Americans do not believe the sharp run-up in prices will last. The Labor Department said the Consumer Price Index rose 0. 4 percent in February after advancing 0. 2 percent in January. Gasoline accounted for more than 80 percent of the rise. . . .
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