US consumer prices rise 0.3 percent on higher gasoline costs; core inflation up 0.2 percentRising gasoline prices pushed inflation up modestly in June.Fox News
consumer prices rose a lower-than-expected 0.3% last month, the smallest increase in seven months and a hopeful sign that a recent jump in inflation may be cooling. The August gain was weaker than the 0.5% increase in July and a 0.9% surge in June, the Labor Department reported Tuesday....
The U.S. consumer prices rose 6.2% in October, compared to a year ago. This was due to rising costs for food and gas. It is now the highest inflation rate since 1990. According to the Labor Department, the year-over-year rise in the consumer price index was higher than the 5...
Survey: Business economists support rate hike this year, but say uncertainty not hurting Most business economists expect the Federal Reserve to raise interest rates in the second half of this year, but say uncertainty over the Fed's plans is no longer slowing U.S. economic recovery, according ...
consumer prices rose marginally in May amid a slowdown in the pace of increases in the cost of gasoline, pointing to moderate inflation pressures. The Labor Department said on Tuesday its Consumer Price Index increased 0.2 percent also as food prices were unchanged. That followed a similar gain ...
WASHINGTON (AP) — U.S. consumer prices rose 0.3% in January, led by a surge in energy. But even though the gain was the biggest monthly increase since July, inflation gains over the past year have remained modest. The Labor Department reported Wednesday that the January rise in...
The Labor Department said Thursday that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982. Shortages of supplies and workers, heavy doses of federal aid, ultra-low interest rates and robust consumer spending combined to...
Higher borrowing costs, combined with rising prices, had consumers in a foul mood for the better part of the past two years. Some help could be on the way though. Fed officials have strongly suggested that an interest rate cut is coming at its September meeting, giving some relief to ...
“With this morning’s Consumer Price Index release, it is clear that inflation is here,” Pat Toomey, the Republican senator from Pennsylvania, wrote on Twitter. “The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy...
Food prices also contributed once again to the historically high figures. Dining out costs rose 0.6 per cent from a month ago, a 6 per cent year-on-year increase and the largest rise since January 1982. The broader food index was up 0.5 per cent, a more modest pace than the previous ...