Inflation rate is worst in 17 years - East Valley Tribune: Business

Inflation rate is worst in 17 years

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Posted: Wednesday, January 16, 2008 9:04 am | Updated: 12:04 am, Sat Oct 8, 2011.

WASHINGTON - Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas. Meanwhile, industrial output was flat in December, more evidence of a significant slowdown in the economy.

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