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 in August Dips, Annual Inflation Rate at 1.7%
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 in July Rises 0.1%, Annual Inflation Rate at 2%
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 US Inflation in June at 0.3%, Annual Inflation Rate Stays at 2.1%
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 May Surges, Annual Inflation Rate at 2.1%
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 US Inflation in April Jumps, Annual Inflation Rate at 2%
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 Up in March on Food, Rent Costs; Inflation Rate at 1.5%
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 in February 2014 Rises 0.1%, Inflation Rate at 1.1%
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 US Inflation in January 2014 Ticks Up, Annual Inflation Rate at 1.6%
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 Annual Inflation in 2013 Increases 1.5%
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 US Inflation Unchanged in November 2013, Annual Inflation Rate Rises