Plunging gasoline prices took a big bite out of inflation in October but higher costs for housing, rents, hotel rooms, furniture, food, transportation and medical care kept overall US consumer prices from going negative like expected.
In good news for Americans that many have felt now for four straight months, gas prices dropped sharply as did other energy components like natural gas. On the flip side, prices at the grocery store continue to dent paychecks. Continue reading
Americans paid less to fill up their gas tanks last month, but continued to spend more for groceries, new inflation figures from the government show.
Prices at the pump fell for a third straight month yet the cost of food went up for a ninth consecutive month. Overall, the annual inflation rate stuck at the same level. Continue reading
The cost of living in United States unexpectedly fell in August for the first time in 16 months, and the annual inflation rate retreated to the lowest level in five months, the US Labor Department reported Wednesday, Sept. 17, in Washington.
Food prices continue to pressure Americans’ paychecks, but they eased some from the prior month and gains for grocery store items were offset by declines in gasoline, fuel oil, clothing, used cars and trucks, and transportation. Continue reading
US consumer prices climbed at a slower pace for a second straight month in July, pulled down by cheaper gasoline, but Americans felt the bite of inflation when paying for groceries and eating out. The month was a reversal of sorts from the previous one when prices at the pump spiked while food costs eased. Continue reading
US inflation grew at a slower pace in June as consumers felt some reprieve in the cost of American products and services. Yet, the sting of paying at the pump worsened.
Overall, price increases in May were spread wider and stronger across most items tracked by the US government whereas gains in June were smaller outside of gasoline. Continue reading
United States inflation rose sharply in May for the second straight month and the annual inflation rate logged in with the biggest increase in 18 months.
Gains were "broad-based," the US Labor Department reported Tuesday, June 17, led by steeper prices that American consumers paid for energy and food. Continue reading
US inflation in April advanced the most in nearly a year as Americans paid more for a wide range of goods and services, the latest report from the government on consumer prices shows.
Costs continued to climb for food and shelter, and picked up again for gas and other energy categories after three straight months of some relief. Continue reading
Inflation in the United States pushed up in March as higher costs in food and shelter offset lower energy prices, newly released Consumer Price Index (CPI) data from the US government shows.
Most Americans are now very familiar with conditions common to this year, having to pay much more at grocery stores while enjoying some reprieve in prices at the pump. The latter condition is likely to change with summer approaching. Continue reading
US inflation inched up in February as American consumers felt the pinch at grocery stores but caught a break when paying gasoline and electricity bills, according to the latest US government figures released on Tuesday, March 18, 2014.
Food prices marched at the quickest pace in 2 1/2 years with gains in meats, poultry, fish and eggs the biggest drivers. Continue reading
US inflation climbed at a slower pace in January, by an amount considered tame through the eyes of economists.
More noticeable is the rate of inflation over the past 12 months, an increase many Americans can perhaps better associate with as they are reminded of higher costs in energy, food, shelter and medical care. Continue reading