Category Archives: Inflation

US Inflation in November Declines, Annual Inflation Rate at 1.3%

It’s been a similar inflation story since July — Americans are paying less driving to the grocery store but they’re having to spend more once they get there. Gasoline prices dropped for a fifth straight month in November yet the cost to buy food has climbed during the same period, new inflation figures from the US government show.

Fortunately for most consumers, they’re catching the bigger break by paying less at the pump. Led by plunging energy prices, the cost of living fell last month by the most in nearly six years. Continue reading

US Inflation in October Unchanged, Annual Inflation Rate at 1.7%

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

US Inflation in August Dips, Annual Inflation Rate at 1.7%

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 Inflation Up in March on Food, Rent Costs; Inflation Rate at 1.5%

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