Inflation rose modestly in August with Americans paying less at the pump and as the overall cost of energy dropped for the first time since April, inflation figures from the United States government showed today in Washington.
Conversely, prices did rise sharply for medical care and they continued to gain in major items like food, clothing and shelter. Continue reading
Inflation in the US rose more modestly in July but ticked higher on a 12-month basis, the Labor Department reported Thursday, August 15, 2013.
American consumers saw some relief as gas, food, new vehicle and clothing costs climbed slower than during the start of summer. Continue reading
US inflation in June jumped by the biggest amount in four months as American consumers forked over more cash to buy groceries and gas, a government report showed on Tuesday.
It wasn’t just food and prices at the pump causing more pain to the pocket book. Prices for cloths, shelter, medical care and new cars also advanced. Continue reading
US consumers paid more for good and services in May than in the prior month, newly released inflation data from the government shows
Americans were spared some pain though, as the cost of gas flattened and grocery prices retreated overall. On the flip side, the cost to rent and own homes increased. Continue reading
Falling gasoline prices in April drove US inflation lower for a second straight month, the US government reported Thursday in Washington.
Consumer prices settled 0.4% lower in April after declining 0.2% in March. The turnaround has been abrupt given the sharp 0.7% jump in February which went down in the books as the biggest increase since June 2009. Continue reading
US inflation over the past 12 months eased as consumer prices in March retreated for the first time in four months, government data released Tuesday shows.
Cheaper gasoline and clothing brought some relief to American consumers, keeping inflation mostly in check. Prices at the pump dropped 4.4% last month compared to the 9.1% increase in the prior month. Continue reading
The American cost of living surged in February by the biggest amount in nearly four years, new inflation data from the US government shows.
Soaring gasoline prices, as expected, led increases. Consumers paid 9.1% more at the pump last month and that accounted for almost 75% of the gain in the Consumer Price Index (CPI), the government’s key measure of US Inflation. Continue reading
US inflation eased a bit over the past year as consumer prices overall stayed flat in January 2013, the US government reported Thursday in Washington.
Costlier housing, vehicles, clothing and airline fares were offset by lower energy prices, a situation likely to reverse itself in February with gasoline surging in recent weeks. Continue reading
US inflation slowed sharply in 2012 compared to the previous year and consumer prices remained subdued in December, the latest data from the US government reveals.
US inflation climbed 1.7% in 2012. That is nearly half of the 3.0% level logged in the previous year and the third lowest rate Continue reading
US inflation declined in November for the first time in six months as sharply lower gasoline prices offered American consumers some relief, newly released data from the US government shows.
Consumer prices fell 0.3 percent in November after rising 0.1 percent in the previous month. Economists expected an easing but pegged the likely number at minus 0.2 percent. The first decline since May was mostly attributed to a 7.4 percent drop in prices at the pump, Continue reading