In America, the number of new houses on which construction began rose to an annual pace of 672,000 in April, 5.8% higher than in March. April's rate of housing starts was 40.9% higher than a year earlier.rnThe inflation rate in the euro area was 1.5% in April, up from l.4%in March, and much higherthan the 0.6% recorded in April 2009. But a measure of inflation that excludes food and fuel prices, which are relatively volatile, fellto0.7% in April from 0.9% in March.
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