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
The cost of living in the United States jumped the most in six months in December as prices at the pump picked up, though annual inflation in 2013 climbed by the smallest amount in three years, data released by the US Labor Department shows.
US inflation accelerated 1.5% in 2013, marking the lowest reading for a calendar year since 2010’s matching 1.5% increase. In between the two years Continue reading
US inflation was unchanged in November from a month earlier as lower gasoline and natural gas prices offset what American’s had to pay for pricier items like food, shelter and transportation, this according to consumer price data published Tuesday by the government.
Annual inflation did bounce higher from the last reading, though that one went down as the smallest 12-month increase in four years. The bottom line, US inflation remains tame from the standpoint of economists and well under the Fed’s target. Continue reading
The American cost of living decreased in October for the first time in six months and the annual inflation rate was the lowest in four years, the US government reported Wednesday in Washington.
Annual inflation eased and consumer prices retreated last month as sharply lower gasoline prices offset higher prices in food, transportation, used vehicles and the cost to rent and own homes Continue reading