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Consumer Prices

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BUSINESS
November 17, 2011 | By Jeffry Bartash
WASHINGTON — Americans got some relief in October as the cost of living fell, mainly because of lower prices for gasoline, fruits and vegetables, the government reported. The Labor Department said Wednesday that the consumer price index dropped a seasonally adjusted 0.1% last month. The decline reduced the 12-month increase in consumer prices to 3.5% from 3.9% in September. The core rate of inflation, meanwhile, rose 0.1% for the second straight month, but it marked the lowest back-to-back increases of 2011.
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BUSINESS
February 20, 2014 | By Jim Puzzanghera
WASHINGTON -- Consumer prices barely budged last month, a slowdown that showed inflation was well in check to start the year -- and maybe running too low. The consumer price index rose 0.1% in January, down from the 0.2% increase the previous month, the Labor Department said Thursday.  During the 12 months ending in January, prices increased 1.6%. That was the same annual rate as in December and below the Federal Reserve's target of 2%. PHOTOS: Federal Reserve chairs through the years January's small price increase was in line with analyst expectations.
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BUSINESS
June 14, 2012 | By Don Lee
The government reported fresh signs of a weakening job market, even as consumers got some relief from falling energy prices that led to a sharp drop in inflation in May. The combination of rising jobless claims and easing consumer prices should give the Federal Reserve more reason to inject new monetary stimulus into the economy, although few analysts expect the central bank to pull the trigger at its next policy meeting Tuesday and Wednesday.  ...
WORLD
February 4, 2014 | By Ramin Mostaghim and Alexandra Sandels
TEHRAN -- For the third consecutive day, low-income Iranian families lined up Tuesday in harsh winter weather outside government - run distribution centers to pick up free food parcels. The nationwide handouts are part of an effort by Iranian President Hassan Rouhani to alleviate poverty and counter soaring consumer prices. Everyone who makes less than 5 million rials per month -- the equivalent of about $200 -- is entitled to one food basket. Outside distribution centers at the government-run department stores Shahrvand (Citizen)
BUSINESS
December 16, 2011 | By Jeffry Bartash
The prices paid by consumers for a variety of goods and services were unchanged in November, mainly because of declining energy costs, government data showed Friday. The Labor Department said the consumer price index was flat last month, matching the forecast of economists surveyed by MarketWatch. After spiking earlier this year, overall inflation has begun to moderate in conjunction with declining prices of key commodities, such as oil, that play a significant role in the cost of consumer goods and services.
BUSINESS
May 15, 2012 | By Don Lee
WASHINGTON -- Add slowing retail sales to the story of the payback for the warm winter weather. The Commerce Department said Tuesday that retail spending in April rose a tiny 0.1% from the prior month, seasonally adjusted. Details of the report made clear that the unusually mild winter had pulled some spending forward -- resulting in a spring correction, as was also seen in job growth last month. A separate government report Tuesday showed consumer prices, after three straight months of increases, were unchanged in April, thanks to lower fuel costs.
BUSINESS
April 16, 2013 | By Don Lee
WASHINGTON - U.S. consumer prices slid in March after spiking in the prior month as gasoline prices fell back - the latest indication that inflation remains subdued despite the Federal Reserve's continued action to pump billions of dollars into the financial system.  The consumer price index, seasonally adjusted, sank 0.2% last month from February, the Bureau of Labor Statistics said Tuesday. The drop was bigger than some analysts expected and followed an unusually steep monthly increase of 0.7% in February.
BUSINESS
February 18, 2011 | By Don Lee, Los Angeles Times
Forget deflation. U.S. consumer prices jumped in January for the second month in a row, and it wasn't just soaring costs for gasoline and food. Americans are beginning to pay more for clothes, rent and travel, new data released Thursday showed. Rising prices are not welcomed by consumers, but they're acceptable for Washington policymakers, up to a point, anyway. That's because higher inflation lowers the government's real cost of paying the huge interest charges on the national debt.
BUSINESS
July 16, 2010 | By Jeffry Bartash, MarketWatch.com/McClatchy
The prices that U.S. consumers pay for goods and services fell slightly in June, mainly because of lower gasoline costs, the government reported Friday. The consumer-price index dropped a seasonally adjusted 0.1%, the third straight monthly decline, according to Labor Department data. The closely followed core prices, seen as a better gauge of inflationary trends, rose 0.2% for the biggest gain since October 2009. Yet core inflation, which excludes particularly volatile food and energy prices, is still very low. Economists surveyed by MarketWatch had predicted a flat reading in overall consumer prices and a 0.1% increase in the core rate.
BUSINESS
November 20, 2013 | By Jim Puzzanghera
WASHINGTON -- Consumer prices unexpectedly dipped last month, the first decline since the spring, driven by lower gasoline costs, the Commerce Department said Wednesday. The Consumer Price Index fell a seasonally adjusted 0.1% in October from the previous month. The index had risen 0.2% in September and economists projected it would be unchanged last month. The index had not dropped since a 0.4% decline in April. QUIZ: How well do you understand the Fed stimulus? Over the previous year, prices were up just 1%. That was the smallest 12-month increase since October 2009, the Commerce Department said.
BUSINESS
January 16, 2014 | By Jim Puzzanghera
WASHINGTON -- Higher gas costs helped push consumer prices up in last month by the largest margin in six months, but the annual inflation rate remained low, the Labor Department said Thursday. The Consumer Price Index increased 0.3% in December, compared with the previous month. The index, a key measure of inflation, had been flat in November. The last time the index rose more was in June, when it jumped 0.5%. PHOTOS: Federal Reserve chairs through the years Last month's increase was in line with projections by economists, who expected prices to rise as the economy strengthened at year's end. The December increase helped push up the inflation rate over the previous 12 months to 1.5%.
BUSINESS
December 17, 2013 | By Jim Puzzanghera
WASHINGTON -- Consumer prices were unchanged last month, the government said Tuesday, keeping inflation running low as Federal Reserve policymakers start a two-day meeting to decide if the economy is strong enough to begin reducing a key stimulus program. The Labor Department's consumer price index was flat in November, in line with analyst expectations, following a 0.1% drop the previous month. For the 12 months ending in November, prices have increased 1.2%. That's up from 1% for the year ending in October and well below the Fed's target for 2% annual inflation.
BUSINESS
November 20, 2013 | By Jim Puzzanghera
WASHINGTON -- Consumer prices unexpectedly dipped last month, the first decline since the spring, driven by lower gasoline costs, the Commerce Department said Wednesday. The Consumer Price Index fell a seasonally adjusted 0.1% in October from the previous month. The index had risen 0.2% in September and economists projected it would be unchanged last month. The index had not dropped since a 0.4% decline in April. QUIZ: How well do you understand the Fed stimulus? Over the previous year, prices were up just 1%. That was the smallest 12-month increase since October 2009, the Commerce Department said.
BUSINESS
October 30, 2013 | By Don Lee
WASHINGTON -- As the Federal Reserve concludes its two-day policy meeting Wednesday, one thing the central bank won't be worrying about is an immediate flare-up of inflation. If anything, the concern might be that consumer prices are growing too slowly. The latest indication was the government's report Wednesday for September: It showed that the consumer price index, while rising 0.2% from August, was up just 1.2% in the 12 months through September. That's the smallest increase since April.
BUSINESS
June 18, 2013 | By Jim Puzzanghera
WASHINGTON -- Consumer prices rose in May for the first time in three months, but the increase was small and inflation over the past year remained tame, the Labor Department said Tuesday. The consumer price index rose a seasonally adjusted 0.1% last month after dropping 0.4% in April and 0.2% in March. The so-called core inflation figure, which excludes volatile food and energy costs, rose 0.2% in May after a 0.1% rise the previous month. Over the previous 12 months, prices rose 1.4% on all goods and 1.7% excluding food and energy costs.
BUSINESS
April 16, 2013 | By Don Lee
WASHINGTON - U.S. consumer prices slid in March after spiking in the prior month as gasoline prices fell back - the latest indication that inflation remains subdued despite the Federal Reserve's continued action to pump billions of dollars into the financial system.  The consumer price index, seasonally adjusted, sank 0.2% last month from February, the Bureau of Labor Statistics said Tuesday. The drop was bigger than some analysts expected and followed an unusually steep monthly increase of 0.7% in February.
BUSINESS
March 15, 2013 | By Jim Puzzanghera
WASHINGTON -- Fueled by the rising cost of gasoline, consumer prices jumped 0.7% in February for the biggest increase in more than three years, the Labor Department said Friday. The sharp rise in consumer costs last month, which exceeded analyst expectations, could stoke inflation concerns as economic growth strengthens. Prices now have risen 2% over the past year, the target the Federal Reserve has set for an acceptable inflation rate. Prices were up 1.6% in the previous 12-month period.
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