Tag Archives: Consumer Price Index

Annual U.S. Inflation Down 0.2%, Consumer Prices Rise 0.3% in October

U.S. consumer prices rose more than expected in October as higher fuel and new and used car prices drove up the cost of living for Americans, according to government data released Wednesday.

The newest Labor Department monthly report reveals that the Consumer Price Index (CPI) edged 0.3% higher, exceeding the 0.2% expectations voice by economists. The increase — the fifth in six months — follows a September elevation of 0.2% which came on the heels of a 0.4% rise in August.

"The latest CPI report does not alter the underlying picture and we continue to expect weaker inflation in 2010 as a result of the substantial amount of spare capacity in the economy," wrote Anna Piretti, an economist for BNP Paribas, who was cited on MarketWatch.

Energy prices were also up for the fifth time in the last six months. The indexes for gasoline, fuel oil, natural gas, and electricity all increased. New car prices rose sharply, jumping at a rate that has not been seen since the 1980s.

In October, core consumer prices or core inflation, which excludes volatile food and energy prices, rose by 0.2% after increasing by the same level in September. That was also 0.1% more than many analysts had expected. Continue reading Annual U.S. Inflation Down 0.2%, Consumer Prices Rise 0.3% in October

Inflation Calculator, US Inflation Rates and CPI Data Updates

The cost of living in the US rose more than expected in October, as Americans paid more for fuel, food and new cars, the government reported Wednesday.

Consumer prices rose 0.3% in October after a 0.2% increase in September, according to the latest Consumer Price Index (CPI) data released by the Labor Department. The increase is 0.1% higher than many economists had forecasted. The good news for consumers is that prices are down 0.2% from a year earlier.

"I don’t see anything in the report that suggests there’s any real inflation flare-up," Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York, said on Bloomberg. "The Fed is comfortably on hold."

In October, energy prices climbed 1.5% while food prices advanced 0.1%. Prices for new cars rose 1.6%, the biggest increase in 28 years. Continue reading Inflation Calculator, US Inflation Rates and CPI Data Updates

US Consumer Prices Edge Higher in September, 12-Month Inflation Down 1.3%

US consumer prices inched slightly higher but at a slower pace in September than in August, government released data revealed Thursday.

The Consumer Price Index rose 0.2% last month following a 0.4% increase in August, according to the latest monthly CPI report from the Labor Department. Excluding volatile food and energy prices, the so called core CPI also increased by 0.2%. The same August reading was up by 0.1%.

The latest data again eases concerns of rising inflation — at least for now — as a result of the Fed injecting an unprecedented amount of money into the US economy to stir the recovery.

"Today’s figures won’t shift the argument about inflation risks at the Fed. They don’t show deflation, but nor do they show sufficient inflation pressures to make the doves want to tighten soon," Nigel Gault, chief U.S. economist at IHS Global Insight in Lexington, Massachusetts, was quoted on Reuters.

Continue reading US Consumer Prices Edge Higher in September, 12-Month Inflation Down 1.3%

US Inflation Calculator, Inflation Rates Update

US inflation is contained for at least one more month as consumer prices edged slightly higher in September, the government reported Thursday.

Consumer prices rose slightly at 0.2% following a 0.4% increase in August, according to Consumer Price Index data released by the Labor Department. Prices were held in check by falling food costs and moderating energy bills.

"Inflation remains muted," Jennifer Lee, an economist at BMO Capital Markets in Toronto, was quoted on Bloomberg. "There is still much excess capacity to absorb, retailers are still fighting for their share of consumers’ shrinking wallets."

Annual inflation is down 1.3% after the 1.5% reading in August. It was the seventh consecutive monthly decline. Continue reading US Inflation Calculator, Inflation Rates Update

Annual US inflation Down 1.5%, August Consumer Prices Higher on Energy Costs

U.S. consumer prices rose slightly in August but the key measure of inflation remained lower over the past 12 months, the government reported Wednesday morning.

Led by a 9.1% increase in gasoline prices, the Consumer Price Index rose 0.4% in August and followed no change in July, according to the Labor Department. The core CPI, which excludes volatile energy and food prices, increased 0.1% in August, the same level as July.

"For inflation to be a concern, we’d have to see core rates rising consistently above 0.2% each month and wages start to rise," PNC analyst Robert Dye was quoted on CNNMoney. "The labor markets are far from healed enough for that to happen."

The latest data also helps to ease concerns of rising inflation due to recent government spending and the Federal Reserve monetary policy of injecting cash into the US economy in a continuing effort to stimulate a recovery. Continue reading Annual US inflation Down 1.5%, August Consumer Prices Higher on Energy Costs

Inflation Calculator and Rates Information Update

US consumer prices edged slightly higher in August, due largely to higher energy costs, but they are lower over the past 12 months, new government data reveals.

The Consumer Price Index, which is the government’s most closely watched barometer for measuring inflation at the consumer level, rose 0.4% in August. The increase was "driven by a 9.1 percent rise in the gasoline index," according to the monthly released CPI report from the Labor Department.

"Oil is becoming the bane of our existence again, but other cost pressures remain reasonably well restrained," Joel Naroff, president of Naroff Economic Advisors was noted on Forbes.com.

Compared to the same period a year ago, consumer prices fell 1.5% — due largely again to gasoline prices — they were higher in August compared to the previous month but sharply lower than the levels seen last summer.

The US Inflation Calculator is updated with the newest government information, as are the following inflation rate and data pages:

1913-2009 CPI Data

Inflation Rates

Historical Inflation Rates

Annual Averages for Rate of Inflation

For an in depth look at August consumer prices, read Annual US inflation Down 1.5%.

US wholesale inflation higher as August producer prices rise 1.7%

US wholesale inflation ticked higher in August as producer prices rose 1.7% during the month, according to newly released data from the Labor Department. The monthly increase contrasts against a 0.9% decline in July, and is sharply above — more than double — what many analysts were expecting.

"We are concerned about the outlook for inflation later in 2010 and this report suggests that inflation pressures may be beginning to stir in manufacturing," John Ryding and Conrad DeQuadros of RDQ Economics was quoted on MarketWatch.com.

The Labor Department’s Producer Price Index data, which measures prices at the factory door and inflation pressures before they reach the consumer, showed the bulk of the increase came from higher energy costs. Continue reading US wholesale inflation higher as August producer prices rise 1.7%

US Consumer prices unchanged, biggest annual inflation drop since 1950

U.S. consumer prices remained unchanged in July but annual inflation registered its largest decline since 1950, the Labor Department reported Friday.

The latest data helped ease concerns of rising inflation due to government spending and the Federal Reserves monetary policy of injecting cash into the US economy.

"It [inflation] could be a very large long-run problem," Mickey Levy, Bank of America, chief economist, was quoted on NYTimes.com. "But in the near-term, it’s not a problem at all."

The Consumer Price Index, which measures inflation pressures at the consumer level, remained unchanged in July due largely to Continue reading US Consumer prices unchanged, biggest annual inflation drop since 1950

Inflation Data Update

US consumer prices remained unchanged in July, temporarily easing concerns that government spending and the Fed monetary policy would ignite inflation.

The monthly released Labor Department Consumer Price Index (CPI) showed year-over-year inflation actually declined 2.1%, cut down by sharply lower energy costs as compared to last July when gasoline prices were over $4 a gallon.

"In the months ahead, we expect U.S. consumer prices to soften further, and headline consumer price inflation to remain in negative territory (at least through to some time in the fall), before beginning to creep above zero as the expected economic recovery gathers traction," Millan Mulraine, economics strategist with TD Securities, in a research note, was quoted on MarketWatch.

The Inflation Calculator is updated with the newest government information, as are the following inflation rate and data pages:

1913-2009 CPI Data

Inflation Rates

Historical Inflation Rates

Annual Averages for Rate of Inflation

For an in depth look at July consumer prices, read US Consumer prices unchanged, biggest annual inflation drop since 1950.

 

Consumer prices up 0.7% in June, inflation falls 1.4% in year

U.S. consumer prices jumped in June as higher energy costs — gasoline prices in particular — drove up the cost of living, although year-over-year inflation fell by the largest amount since Jan. 1950.

The Consumer Price Index, which measures inflation pressures at the consumer level, rose 0.7% in June following a 0.1% increase in May, the Labor Department reported Wednesday. At the same time, inflation fell 1.4% compared to a year ago when energy prices were at their height. The annual decline is the biggest in 59 years.

"It’s a bit of a bogus comparison, because we’re comparing gas prices at nearly their astronomical peak last year," Stuart Hoffman, economist at PNC, was quoted on CNNMoney.com and referred to the the-record high gasoline prices of over $4 per gallon in July 2008.

Excluding volatile food and energy prices, the core CPI rose 0.2% in June after a 0.1% increase in May. Continue reading Consumer prices up 0.7% in June, inflation falls 1.4% in year