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Last updated on April 18, 2014 at 1:21 EDT

Latest Core inflation Stories

2012-09-12 06:27:45

TORONTO, Sept. 12, 2012 /CNW/ - The Bank of Canada needs a better inflation indicator that is more sensitive to swings in house prices than the Consumer Price Index (CPI), according to a new report from the C.D. Howe Institute. In "Housing Bubbles and the Consumer Price Index: A Proposal for a Better Inflation Indicator," Philippe Bergevin points out the CPI has not usefully reflected the rapid run-up in housing prices in recent years. He proposes a new official inflation indicator...

2009-06-16 12:12:50

Consumer prices in Britain dropped in May, but far less than economists predicted, the Office for National Statistics said Tuesday. The headline Consumer Price Index fell to 2.2 percent, but economists had expected prices to fall below the Bank of England's target of 2 percent to 1.9 percent. It was the 20th consecutive month inflation held above the central bank's target rate, The Times of London reported. The Retail Price Index, which includes housing costs, rose slightly, from minus 1.2...

2009-03-18 10:14:27

The Consumer Price Index rose by 0.4 percent in February, rising for the second consecutive month, the U.S. Department of Labor said Wednesday. The index was bolstered by a 3.3 percent rise in energy prices in the month, including an 8.3 percent rise in gasoline prices, the report said. A month ago, the CPI rose 0.3 percent with a 1.7 percent jump in energy costs. In February, two-thirds of the price increase was related to energy costs, the Department said. Similar to the Producers Price...

2009-01-20 11:03:21

Discounts, tax cuts and falling commodity prices pushed Britain's inflation rate to its largest decline in 17 years, the government said. Britain's Consumer Price Index dropped from 4.1 percent in November to 3.1 percent in December, The Times of London reported Tuesday. Core inflation, which excludes food and energy prices, fell 1.1 percent, down from 2 percent in November. The Bank of England has predicted the CPI could drop to 1 percent in 2009. Jonathan Loynes at Capital Economics warned...

2008-11-19 15:12:48

The Consumer Price Index dropped by its sharpest rate in 61 years in October, the U.S. Department of Labor said Wednesday. The drop of 1 percent in the headline figure meant consumers had taken their collective foot off the the gas pedal and applied it to the brakes of the economy. It's funny that just a few months ago everyone was wringing their hands over inflation, Nariman Behravesh, chief economist at Global Insight told The New York Times. It's gone. It's over. Core inflation, excluding...

2008-10-10 03:00:22

By McGranahan, Leslie In July 2008, food prices were 6.0% above their July 2007 level. This article examines how different household types have been affected by the recent rapid rise in food prices. Increases in food prices have been grabbing headlines recently. In this Chicago Fed Letter, I investigate the ex- penditure patterns of different types of households to discover which house- holds have been most affected by food price changes. I find that food price increases have had a more...

2008-09-17 15:00:26

By KEVIN G. DeMARRAIS, STAFF WRITER With energy prices retreating, consumer prices posted their first monthly decline in nearly two years in August, the Bureau of Labor Statistics reported on Tuesday. The Consumer Price Index fell 0.1 percent last month behind falling gasoline, fuel oil and natural gas prices that more than offset increases in food, apparel and airline travel. Even so, the CPI is up 5.4 percent over the past 12 months. But core inflation - which excludes the often...

2008-08-14 12:00:06

The rate of rising U.S. consumer prices slowed in July from from a month ago but still came in double the rate economists had forecast, the government said. The Consumer Price Index rose 1.1 percent in June and slowed to 0.8 percent in July. Economists had predicted prices in July would rise 0.4 percent. Energy prices continued to push the inflation rate, gaining 4 percent in the month after a 6.6-percent jump in June. Natural gas prices pushed up 7.4 percent in July, while gasoline...

2008-08-05 12:00:03

The Federal Reserve remains in a tricky position with respect to its Aug. 5 policy meeting. U.S. economic growth remains sluggish, and risks that the economy could tip into recession are significant. That would argue against any upward moves from the current Fed funds rate of 2.0%. But recent data reports show that inflation continues to gather strength, which ordinarily would prompt the central bank to consider tightening policy. What to expect from Ben Bernanke and his colleagues Tuesday?...

2008-07-16 12:00:03

A 1.1 percent rise in the Consumer Price Index was higher than expected in June, the U.S. Labor Department reported Wednesday. The CPI gained 1.1 percent on a seasonally adjusted basis, faster than the consensus forecast of 0.8 percent. Energy prices pushed the overall figure, jumping 6.6 percent in June after a 4.4 percent increase in May. Petroleum-based energy prices gained 10 percent, while prices for energy services gained 1.5 percent. Food prices also rose, up 0.8 percent...