Latest Core inflation Stories
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...
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.
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.
The Consumer Price Index dropped by its sharpest rate in 61 years in October, the U.S.
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.
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 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.
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%.
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.
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