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Consumer inflation remains modest in 1998
Todd Wilson
Economist, Office of Prices and Living Conditions, Bureau of
Labor Statistics
Consumer prices increased only slightly for the second straight year, keeping the inflation rate at its lowest level in more than a decade. The CPI-U excluding food and energy prices (often called the core CPI-U) increased 2.4 percent, slightly more than the 2.2 percent increase that occurred during the prior year.
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