US inflation in June climbed for a fifth month in a row, and sharply for a second straight month, as American consumers paid more for a broad range of goods to include gasoline, food and housing.
The increases drove the annual rate of inflation into positive territory for the first time in 2015, according to government data released on Friday, July 17. Continue reading US Inflation in June Gains; Annual Inflation Rate Hits 0.1%
The cost of living in the United States jumped in May by the most in more than two years as prices at the pump surged by the biggest amount in nearly six years, according to government data released on Thursday, June 18.
Inflation over the past year, however, was unchanged and that was after falling for the steepest decline in 5-1/2 years through the 12 months ended April. Continue reading US Inflation in May Jumps; Annual Inflation Rate Flat
United States inflation in April climbed for a third month in a row as American consumers caught some pricing breaks in clothing, energy and food but paid more for homes and rent, healthcare, transportation and vehicles.
In a tale of opposites, according to government data released Friday, May 22, annual inflation declined by the biggest amount in 5-1/2 years while core consumer prices posted their biggest monthly increase in over 2 years. Continue reading US Inflation in April Rises; Annual Inflation Rate Slides
American consumers are paying more driving to the grocery store but they’re having to spend less once they get there.
In March, food prices retreated for the first time in nearly two years. Still, hikes in areas like gasoline and shelter more than offset those declines. Continue reading US Inflation in March Rises 0.2%; Annual Rate Declines
The cost of living in the United States climbed in February for the first time in four months. Increases in areas like housing, energy, and food lifted overall inflation more than expected, new figures from the government show.
Reversing from a decline, inflation over the past year was unchanged after falling in January for the first time in over five years. Continue reading US Inflation in February Climbs; Annual Rate Flattens
Inflation fell in January for a third straight month as American consumers continued to spend less on gas, food prices flattened and as costs retreated for new vehicles, used cars and trucks, household furnishings and operations, airline fares, alcohol and tobacco.
And on an annual basis, according to the government, US inflation turned negative for the first time since 2009. Continue reading US Inflation in January Falls, Annual Inflation Rate at -0.1%
US consumer prices in December dropped the most for a month in six years as energy costs plummeted, according to government figures released Friday, and inflation in 2014 was the second weakest for a calendar year in the last five decades.
Consumer price fell 0.4% in December, the largest decline since December 2008, after sliding 0.3% in November, according to the US Labor Department and its monthly report on the Consumer Price Index (CPI). Continue reading Annual US Inflation in 2014 Rises 0.8%
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 November Declines, Annual Inflation Rate at 1.3%
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 October Unchanged, Annual Inflation Rate at 1.7%
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 US Inflation in September Rises, Annual Inflation Rate Stuck at 1.7%