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
US inflation tamed a bit in October as higher costs in food, clothing, rent and housing offset lower energy prices, US government data showed.
Consumer prices edged up 0.1 percent in October after sharper gains of 0.6 percent during each of the prior two months. The increase was in line with many analysts’ expectations. Continue reading
US inflation advanced in September for a second month as higher energy costs again lifted consumer prices, newly released data from the US government shows.
Consumer prices climbed 0.6 percent in September, matching the level in August that had registered as the biggest advance since mid-2009. Gains were led by higher fuel with the month’s sharpest increase of 7% tagged to gasoline prices. They are 6.8% higher than a year ago. Continue reading
US inflation rose in August by the most in more than three years as consumers paid sharply higher fuel bills, the US government reported Friday in Washington.
Led by surging prices at the pump, consumer prices jumped 0.6 percent in August after being flat in the previous two months. The increase was the sharpest since mid-2009. Continue reading
US inflation tamed a bit more in July with consumer prices once again unchanged as Americans paid more for food and other items but less on energy. Overall, most US government tracked categories logged very small pricing movements.
Consumer prices were flat in July for a second straight month and the third time in four months, the US Labor Department reported Wednesday in Washington. Most economists were expecting at least a slight pick-up due to rising food prices. Continue reading
Lower gasoline prices offset rising food, medical care and other costs, flattening consumer prices in June and keeping US Inflation at the same 12-month rate as reported by the government in May.
Consumer prices were unchanged in June after dropping 0.3 percent in the previous month, the US Labor Department said Tuesday morning. Americans got a break at the pump as gasoline prices were down for a third straight monthly decline. Continue reading
US inflation eased over the past year as consumers prices fell in May by the most in more than three years, the US government reported Thursday.
Thanks to sharply lower gasoline costs and leveled food prices, American consumers were able to better handle increases in items like clothing, transportation, shelter and medical care.
Consumer prices declined 0.3 percent in May after being flat in April, the US Labor Department reported. It was the first downturn since October and the biggest drop since December 2008. Continue reading