U.S. consumer prices post largest gain in three years via @Reuters

U.S. consumer prices recorded their biggest increase in more than three years in April as gasoline and rents rose, pointing to a steady inflation build-up that could give the Federal Reserve ammunition to raise interest rates later this year.

Other data on Tuesday showed housing starts rose more than expected last month, with builders ramping up the construction of single and multi-family homes, suggesting the economy was regaining steam early in the second quarter.

1. Starts for single-family homes, the largest segment of the market, increased 3.3 percent.
2.  Building permits rose 3.6 percent to a 1.12 million-unit
rate last month.
3. The Labor Department said its Consumer Price Index increased 0.4 percent last month, the largest gain since February 2013. @NARMedia #consumer #economy #housing 

FULL ARTICLE at http://reut.rs/27va4DQ