January 16, 2014 |
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%.
December 16, 2011 |
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.
May 15, 2012 |
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.
April 16, 2013 |
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.
February 18, 2011 |
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.
November 20, 2013 |
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.