U.S. consumer prices rose for a third month in a row, driven higher in large by the cost of used cars and trucks which peaked to a more than 51-year high, according to a government report published Friday, Sept. 11.
Longer term, while inflation accelerated over the past year it remains tame for the most part with energy prices still a lot lower than they were last summer. Continue reading U.S. Annual Inflation Hits 1.3%; Consumer Prices in August Climb 0.4% as Cost of Used Cars Jump to 51-Year High
U.S. consumer prices rose more than expected in July and a measure of underlying or core inflation ran the quickest in nearly three decades, a government report published Aug. 12 shows.
In the longer term, however, while inflation accelerated over the past year it remains in check with gasoline prices significantly lower than they were last summer. Continue reading U.S. Core Inflation Near 30-Year High in July but Overall Inflation Subdued
U.S. consumer inflation bounced in June following three consecutive monthly declines, according to government figures released Tuesday, July 14, but underlying or core inflation remained rather subdued.
In the longer stretch, prices compared to a year ago swelled for food and declined for energy — despite a June surge in gasoline prices. Continue reading U.S. Annual Inflation Rises 0.6%; Consumer Prices Rebound in June
Impacted again by the COVID-19 pandemic, American consumers in May paid more for food and shelter and less for gasoline, clothing and travel, according to government figures released Wednesday, June 10.
Consumer prices declined overall for a third month in a row as underlying or core inflation remained weak not only for the month but from a year ago. Continue reading Rate of U.S. Inflation Slows Again as Consumer Prices Drop for Third Month in May
U.S. inflation declined last month as higher food prices were offset by lower gasoline, clothing, and transportation costs, a government report showed Tuesday, May 12. Consumer spending sank, for the most part, as efforts to slow the COVID-19 pandemic shattered the demand for many goods and services.
When compared against a month and year earlier, prices for food surged while they sank for energy. Stripping food and energy, core prices logged their biggest monthly decline on record in April. Continue reading Core Inflation Drops by Most on Record in April; Consumer Prices Mark Biggest Decrease Since 2008
United States inflation slowed greatly in March as consumer prices, with the help of the coronavirus, recorded their largest decline for a month in over five years, a government report showed Friday, April 10. Lower gasoline contributed most to the overall decline. Also impacting were pricing drops for clothing, transportation and new vehicles.
Of note, core inflation, which excludes food and energy, registered a monthly decline for the first time in over ten years.
From a year ago, energy prices fell sharply, the data shows, while food prices firmed. Continue reading U.S. Annual Inflation Slows to 1.5%; Consumer Prices in March Fall Most in Five Years
Higher food, shelter, vehicle, medical care and clothing prices drove up the U.S. cost of living in February, data released March 11 by the government showed, although lower gasoline prices helped in checking some of the overall inflation pressures.
In the longer haul, prices from a year earlier increased for a second time for both energy and food. Before then, year-over-year energy prices logged a string of seven straight declines while food prices rose. Continue reading U.S. Core Inflation Quickens; Consumer Prices In February Rise 0.1%
Underlying inflation in the United States grew in January with increases in shelter and clothing costs but inflation remained tamed overall for the month as energy prices declined, a government report showed Thursday, Feb. 13. Still, the annual pace ran the quickest in more than a year.
For a second straight reporting period, costs from a year ago increased for both energy and food. Before then, year-over-year energy prices posted a streak of seven consecutive declines while food prices climbed. Continue reading U.S. Annual Inflation Pops To 2.5%; Consumer Prices Ease In January
United States inflation in 2019 accelerated the most for a year since 2011 despite a modest increase in December, a government report showed Tuesday, Jan. 14.
On an annual basis and for the first time since April, both food and energy prices increased. Year-over-year costs for energy had declined in May to November. Continue reading U.S. Inflation Advances 2.3% In 2019 For Quickest Rate Since 2011
The pace of inflation in the United States slowed some in October but the 12-month rate hit a one-year high, a government report showed Wednesday, Dec. 11.
Again, what has become a shared pattern since May, on an annual level food prices increased while energy prices declined. Continue reading U.S. Annual Inflation Highest in Year; Consumer Prices in November Rise