And: Inflation up 1.2%
WASHINGTON, Oct 14 (Reuters) - U.S. consumer prices soared 1.2 percent last month, the biggest gain in more than 25 years, as two big hurricanes led to a record surge in energy prices.
The storms also knocked down industrial output and dampened the spirits of U.S. consumers, reports showed on Friday. The storm-driven climb in gasoline prices propped up retail sales outside of autos, which fell as buyer incentives wound down.
The increase in the consumer price index was the largest since March 1980, the U.S. Labor Department said.
(by Tim Ahmann -- full text here.)
