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 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
The American cost of living decreased in October for the first time in six months and the annual inflation rate was the lowest in four years, the US government reported Wednesday in Washington.
Annual inflation eased and consumer prices retreated last month as sharply lower gasoline prices offset higher prices in food, transportation, used vehicles and the cost to rent and own homes Continue reading
Inflation ticked a bit higher in September as American consumers paid more for energy related items, like gasoline and electricity, and they spent more for shelter, medical care and new vehicles.
A break from higher food prices did help to contain costs, according to the latest report on consumer prices from the US Labor Department. Overall, food prices stayed about the same last month after having climbed for three straight months. Continue reading
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