US wholesale inflation drops as producer prices decline 0.6% in September

Sharply lower energy costs helped pull US wholesale inflation down as producer prices declined 0.6% in September and 4.8% on a year-over-year basis, the government reported Tuesday.

The latest Labor Department’s Producer Price Index number, which measures prices at the factory door and inflation pressures before they reach the consumer, follows 1.7% increase in August.

"Inflation is not an immediate concern," Ryan Sweet, an economist at Moody’s Economy.com in West Chester, Pennsylvania, was quoted on Bloomberg. "We’re probably going to see core inflation continue to soften over the next couple of months" and "this will likely keep the Fed on the sidelines for the foreseeable future."

Both food and energy prices at the wholesale level dropped in September, falling 0.1% and 2.4%, respectively. Continue reading US wholesale inflation drops as producer prices decline 0.6% in September

US Consumer Prices Edge Higher in September, 12-Month Inflation Down 1.3%

US consumer prices inched slightly higher but at a slower pace in September than in August, government released data revealed Thursday.

The Consumer Price Index rose 0.2% last month following a 0.4% increase in August, according to the latest monthly CPI report from the Labor Department. Excluding volatile food and energy prices, the so called core CPI also increased by 0.2%. The same August reading was up by 0.1%.

The latest data again eases concerns of rising inflation — at least for now — as a result of the Fed injecting an unprecedented amount of money into the US economy to stir the recovery.

"Today’s figures won’t shift the argument about inflation risks at the Fed. They don’t show deflation, but nor do they show sufficient inflation pressures to make the doves want to tighten soon," Nigel Gault, chief U.S. economist at IHS Global Insight in Lexington, Massachusetts, was quoted on Reuters.

Continue reading US Consumer Prices Edge Higher in September, 12-Month Inflation Down 1.3%

US Inflation Calculator, Inflation Rates Update

US inflation is contained for at least one more month as consumer prices edged slightly higher in September, the government reported Thursday.

Consumer prices rose slightly at 0.2% following a 0.4% increase in August, according to Consumer Price Index data released by the Labor Department. Prices were held in check by falling food costs and moderating energy bills.

"Inflation remains muted," Jennifer Lee, an economist at BMO Capital Markets in Toronto, was quoted on Bloomberg. "There is still much excess capacity to absorb, retailers are still fighting for their share of consumers’ shrinking wallets."

Annual inflation is down 1.3% after the 1.5% reading in August. It was the seventh consecutive monthly decline. Continue reading US Inflation Calculator, Inflation Rates Update