The pace of annual inflation continued at a fresh, more than six-year high even as consumer prices barely picked up in June.
American consumers paid more last month for food, shelter and gasoline, according to U.S. government figures released Thursday, July 12, 2018. The cost of these same items surged from a year earlier with their annual increases ranging from 1.4% to 24.3%. Continue reading US Inflation Hits New 6-Year High; Consumer Prices Ebb in June
Annual inflation in the United States ran at its quickest pace in more than six years even as consumer prices rose modestly in May, according to government figures released Wednesday, June 12, 2018.
Higher gasoline and shelter prices accounted for the overall monthly increase, for the most part, with average prices unchanged for some major items like food, clothing and transportation services. Higher gas and shelter costs also played a large roll in driving inflation higher from a year ago. Continue reading US Inflation Rises to 6-Year High, Consumer Prices Climb 0.2% in May
U.S. consumer prices bounced in April after falling in March for the first time in 10 months, while inflation over the past 12 months increased the most in over a year, according to government figures released Thursday, May 10, 2018.
There were pricing declines in a few areas, like new and used vehicles, but those were offset by higher prices for items like gasoline, food, clothing and shelter. Continue reading Annual US Inflation Highest in 14 Months As Consumer Prices Rise 0.2% in April
U.S. consumer prices declined for the first time in 10 months in March while inflation over the past 12 months rose the most in a year, according to government figures released Wednesday, April 11, 2018.
Higher costs in areas like healthcare, shelter and food were offset by falling gasoline prices, the data for March showed. Continue reading US Inflation Highest in Year Even as Consumer Prices Drop in March
Inflation in the United States climbed in line with expectations in February after exceeding projections in January, based on government figures released Tuesday, March 13, 2018.
Clothing and auto insurance costs continued to rise by higher-than-typical amounts with respective 1.5% and 1.7% increases from 1.7% and 1.3% previously, but prices at the pump fell by almost 1% after jumping nearly 6% in January. Continue reading US Inflation Climbs Slower in February Yet Strengthens Year-Over-Year
Inflation in the United States exceeded projections in January as American consumers paid more for a broad range of goods and services, including gasoline, shelter, clothing, medical care, car insurance, personal care, and used cars and trucks, according to government figures released Wednesday, February 14, 2018.
In two unique standouts, clothing costs rose 1.7% for their biggest monthly increase since 1990 and auto insurance climbed 1.3% for its largest advance since 2001. In addition, higher gasoline prices were again in play following a reprieve in December. Continue reading US Inflation in January Tops Expectations with Broad Gains in Consumer Prices
U.S. inflation over the full year 2017 matched the pace in 2016, which registered as the quickest in five years, according to government figures published Friday, January 12, 2018.
Digging into the details for standouts, underlying or core consumer prices jumped in December to an almost one-year high. Overall, however, price increases tapered from the previous month with the help of cheaper gasoline. Continue reading US Inflation Grows 2.1% in 2017
Inflation in the United States ran quicker in November as Americans paid a lot more for energy, according to a report released by the Labor Department on Wednesday, December 13, 2017.
Energy costs accounted for about three-fourths of overall pricing gains, the report said, but U.S. consumers also paid more for things like shelter, transportation, and vehicles. Of note and on the flip side, clothing costs fell the most for a month since September 1998. Continue reading Annual Inflation Rises 2.2% as Consumer Prices in November Climb 0.4%
U.S. inflation at the consumer level barely climbed in October after jumping in September by the most in eight-months, according to a report released by the Labor Department on Wednesday, November 15, 2017.
Rising costs in healthcare and shelter were mostly offset by falling gasoline prices, the data showed. Prices at the pump had been boosted in earlier months by storm-related disruptions from hurricanes Harvey and Irma. Continue reading Annual Inflation Eases to 2%; Consumer Prices Inch Higher in October
The cost of living in the United States increased the most in eight months in September and the annual rate of inflation climbed the highest since April, according to a report released by the Labor Department on Friday, October 13, 2017.
Taking away soaring gasoline prices, however, pricing gains overall were rather muted. They mostly eased from the previous month. Continue reading US Inflation Rises 2.2% on Annual Basis as Gas Prices Surge in September