Inflation in the United States would have been exceptionally tame in February had it not been been for surging gasoline prices, according to a government report released Wednesday, March 10, as underlying inflation pressures remained weak.
Annual inflation increased the most since a year ago, driven up by energy which had previously logged 11 straight annual pricing declines. Energy and food prices increased together year-over-year for the first time since February 2020. Continue reading U.S. Consumer Prices Climb in February; Inflation Excluding Energy Tame
U.S. consumer inflation rose the most in five months, but was nevertheless mostly tame in January, according to a government report released Wednesday, Feb. 10.
Inflation over the past year read pretty much the same as the period ending in December with food prices higher and energy prices lower. Continue reading Annual U.S. Inflation Steady at 1.4%; Consumer Prices in January Highest in 5 Months
U.S. inflation remained tame year-over-year even as consumers in November paid a bit more on the whole for goods and services, according to a government report released Thursday, Dec. 10.
Altogether, the annual picture was the same, or much the same, for inflation, food prices, the cost of energy and for core inflation as it was in the 12-month period ending October Continue reading U.S. Inflation Again Rises 1.2% Year-Over-Year; Consumer Prices Climb 0.2% in November
Inflation in the United States was subdued in October following four straight months of gains, according to a government report published Thursday, Nov. 12.
Inflation pressures eased just a bit over the past year, also, with energy prices dropping the most since the 12 months ended July. Continue reading Annual U.S. Inflation Rises 1.2%; Consumer Prices Unchanged in October
U.S. inflation increased for a fourth straight month in September — again lifted in great part by used vehicle prices, according to a government report published Tuesday, Oct. 13, but its pace of advance was also the slowest in those four months.
The inflation landscape over the longer 12-month period did not change significantly from the previous reading with, for example, food prices higher and energy prices lower. Continue reading Used Vehicle Prices in September Again Drives Inflation Higher; Annual Rate at 1.4%
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