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 WASHINGTON (AP) - Consumer inflation shot up in July as rising gasoline prices pinched drivers' wallets from coast to coast. But the rest of the economy kept pushing forward with industrial output rising and housing construction staying at a supercharged level.
A flurry of reports Tuesday depicted a country that so far is withstanding this year's surge in energy prices, helped by a continued boom in housing activity, the economy's strongest sector.
Consumer prices jumped 0.5 percent in July, the biggest increase in three months, but the price pressures came almost entirely from surging costs for gasoline and other energy products.
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