U.S. Economy

     (CN) – U.S. consumer prices rose in April by the largest amount in more than three years, the Labor Department announced Tuesday, attributing much of the gain to a jump in the price of gasoline and other energy products.
     The government said Tuesday that overall consumer prices rose 0.4 percent in April after a 0.1 percent increase in March. It was the largest one-month advance since a 0.6 percent increase in February 2013.
     Over the past 12 months, overall inflation is up 1.1 percent while core prices have risen 2.1 percent.
     In other economic news, the Federal Reserve said Tuesday U.S. industrial production in April posted the biggest increase since November 2014 as utility output surged.
     Industrial output — which includes factories, mines and utilities — rose 0.7 percent from March. It had dropped the previous two months.

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