US inflation edges up, housing starts fall sharply

US inflation edges up, housing starts fall sharply
The Economic Times, November 19, 2009, Page 19

WASHINGTON: Construction of new homes in the United States fell sharply last month, showing potential weakness in the economy's recovery, while consumer prices rose slightly more than expected. The commerce department said housing starts dropped 10.6% to, the lowest level since April and the percentage drop was the biggest since January. A separate report from the labour department showed the Consumer Price Index rose 0.3%, a touch above market expectations for a 0.2% increase, after rising an unrevised 0.2% in September.