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Inflation Rate

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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
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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CALIFORNIA | LOCAL
January 16, 1997
Re "Don't Stall on Inflation Index," editorial, Jan. 13: Economists notoriously can come up with numbers to "prove" any point they set out to. As the principal shopper for my family for the past 20 years, I have seen fruit and vegetable prices jump from under a dollar a pound to double or triple that, and meat and fish and all other foods and necessities undergo similarly sharp escalations. So don't tell me the "true" rate of inflation is a piddling percentage point or two. Get real!
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
November 10, 2010 | By David Pierson, Los Angeles Times
Led by soaring food prices, China's inflation rate shot up in October to a 25-month high, increasing pressure on the central government to rein in its overheated economy. China's consumer price index rose 4.4% from a year earlier, a government statistics bureau reported Thursday, making it highly unlikely the country will meet its inflation target of 3% for the year. The bulk of that increase was blamed on the rising cost of food, which surged 10% from a year earlier. A jump in inflation could prompt the Chinese government to introduce more cool-down measures that could shake up the global economy.
BUSINESS
April 10, 2012 | By David Pierson, Los Angeles Times
China's inflation rate rose slightly in March, raising concerns about the government's ability to stimulate the economy should growth falter in coming months. Rising food and fuel prices helped drive China's consumer price index up 3.6% from the same month last year, China's National Bureau of Statistics said Monday. That was up from a 3.2% rate in February. China raised its retail prices for gasoline and diesel March 20 for the second time in six weeks, increases that probably contributed to the rising food costs.
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
November 14, 1985 | Debra Whitefield
QUESTION: I own several rental units where the annual rent increase is based on the consumer price index. In the past, I simply picked up the Los Angeles Times at the end of the year and turned to the Trends in the Economy table. Listed there was the percentage change in the consumer price index from one December to the next. That figure was the amount by which the coming year's monthly rents were increased.
NEWS
August 18, 1985 | United Press International
Canada's annual inflation rate fell to 3.8% last month from 4.1% in June, a government statistics agency announced. "The year-to-year measure of price change has now remained near the 4% level for 14 months," Statistics Canada said in a statement released Friday.
BUSINESS
December 13, 2013 | By Jim Puzzanghera
WASHINGTON -- Wholesale prices dropped in November for the third straight month, indicating that inflation remains in check as Federal Reserve officials consider reducing a key stimulus program. The Labor Department said Friday that its producer price index fell 0.1% from the previous month. The decline, which was in line with analyst expectations, was driven by a 0.4% drop in the price index for energy. November's drop in wholesale prices followed a 0.2% decline in October and 0.1% in September.
BUSINESS
February 21, 2013 | By Don Lee
WASHINGTON -- Despite worry in some corners about the Federal Reserve's stimulus efforts stoking inflation, there continues to be little indication that consumer prices are heading higher. The consumer price index was flat in January for the second month in a row, the Bureau of Labor Statistics reported Thursday. A drop in gas prices and a halt to recent gains in food prices held down the overall index. Compared with a year ago, the consumer price measure for January was up a mild 1.6%.
OPINION
January 30, 2013 | By Joseph B. Kadane
In 2007, the government of Argentina fired Graciela Bevacqua and other statisticians who were collecting its price statistics and inflation estimates. Since that time, large and disturbing - even shocking - discrepancies have developed between the official inflation estimates (roughly 10% a year) and privately generated estimates announced by Bevacqua and others (roughly 25% a year). Why would the Argentine government take such drastic action? In late 2001, Argentina defaulted on its bonds, and it has refused to negotiate with its creditors.
BUSINESS
December 12, 2012 | By Don Lee
WASHINGTON -- The Federal Reserve, maintaining its aggressive efforts to stimulate a slow-growing economy burdened by high unemployment, said it would continue its large-scale bond-buying programs in the new year and, for the first time, announced explicit unemployment- and inflation-rate targets for when the central bank would raise interest rates.   Top Fed policymakers, at the end of their last meeting of the year Wednesday, left short-term interest rates near zero and said they were now likely to keep them there until the jobless rate fell to 6.5% or lower and the medium-term outlook for inflation exceeded 2.5%.
BUSINESS
May 10, 2012 | By David Pierson
BEIJING - Inflation in China moderated last month in another sign that the world's second-largest economy is cooling. Consumer prices grew 3.4% from a year earlier, China's National Bureau of Statistics said Friday. That's down from 3.6% year-over-year growth in March. “We think the inflation outlook for this year is benign,” analysts at IHS Global Insight in Beijing told clients in a research note Friday. The data release comes a day after China reported surprisingly weak trade numbers for April.
BUSINESS
April 25, 2012 | By Don Lee, Los Angeles Times
WASHINGTON - The Federal Reserve upgraded its outlook for the economy, predicting the unemployment rate would fall to as low as 7.8% in the fourth quarter - a drop that could have a significant effect on the presidential election. Just three months ago, most Fed policymakers expected the nation's jobless figure to be 8.2%, its current rate, or higher in the last three months of the year. The improved outlook, issued Wednesday at the end of a two-day Fed meeting, reflects a sharper-than-expected drop in unemployment in recent months and projections for slightly faster economic growth this year, including some improvement in the downtrodden housing market.
BUSINESS
April 10, 2012 | By David Pierson, Los Angeles Times
China's inflation rate rose slightly in March, raising concerns about the government's ability to stimulate the economy should growth falter in coming months. Rising food and fuel prices helped drive China's consumer price index up 3.6% from the same month last year, China's National Bureau of Statistics said Monday. That was up from a 3.2% rate in February. China raised its retail prices for gasoline and diesel March 20 for the second time in six weeks, increases that probably contributed to the rising food costs.
BUSINESS
March 10, 2012 | By David Pierson, Los Angeles Times
China's annual inflation rate fell to a 20-month low in February, giving policymakers room to ease lending at a time of slowing economic growth. "The inflation story is over, leaving [China's central bank] with fewer excuses not to step up its easing efforts, especially given a sharp slowdown in exports so far this year," said Qu Hongbin, co-head of Asian Economics Research for HSBC, in a note to clients Friday. "Get ready for more steps toward policy easing. " Consumer prices rose 3.2% from February of last year, down from 4.5% annual growth in January, China's National Bureau of Statistics said Friday.
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