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Consumer prices jump in May

Firms gain ground, housing stabilizes in economic pickup

Posted: June 18, 2014 at 2:42 a.m.

Shoppers browse for souvenirs at the Main Market in San Antonio earlier this month. “Inflation in the U.S. is in a sweet spot,” one analyst said Tuesday.

Consumer prices rose in May by the most in more than a year, showing U.S. companies are gaining some pricing power as the economy strengthens, and the homebuilding industry stabilized after a first-quarter swoon.

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