Food and energy prices are surging. Still, underlying inflation remains low, the government said Thursday. The U.S. Consumer Price Index, a key measure of inflation, increased 2.1 percent during the past 12 months ending in February, up from 1.6 percent in January, the Bureau of Labor Statistics said Thursday. Get the full story »
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Consumer prices rise 1.6% in January
Prices are still going up on food and gas, but underlying inflation remains low, the government said Thursday. The U.S. Consumer Price Index, a key measure of inflation, increased 1.6 percent over the past 12 months ending in January, up from 1.5 percent in December, the Bureau of Labor Statistics said. Get the full story »
December consumer prices rise slower in Chicago
Chicagoans faced less price inflation than the nation as a whole last month.
The consumer price index in the Chicago region rose 0.3 percent in December as the cost of gas and food increased, the Labor Department said Friday. The national rate was 0.5 percent, the largest gain in 18 months. Get the full story »
U.S. consumer prices rise mildly in November
U.S. consumer prices rose slightly less than in November, while prices excluding food and energy edged up for the first time since July, according to a report on Wednesday that implied virtually no inflation pressures amid an anemic recovery. Get the full story »
Survey: U.S. to see 3 percent growth in 2011
U.S. economic growth and inflation is expected to pick up a bit next year, while the jobless situation will improve slightly, according to a survey conducted by the Federal Reserve Bank of Chicago. Get the full story »
Consumer prices up on higher gas costs
Consumer prices rose moderately in October but there was little sign of inflation as the cost of autos, clothing and hotels fell. Gasoline prices accounted for most of the increase, rising by 4.6 percent in October, the biggest gain since July.
The Labor Department said Wednesday the Consumer Price Index rose by 0.2 percent last month, an increase from September’s 0.1 percent rise. Wall Street analysts had expected a slightly larger increase. It was the fourth straight rise.
Inflation lower than expected in September
Consumer prices are up slightly over last year driven by climbing food and energy costs, according to a government report released Friday.
The Consumer Price Index, a key measure of inflation, rose 1.1 percent over the last 12 months ending in September, the Bureau of Labor Statistics said Friday. Any number above zero means prices are rising, but a rate around 1 percent is considered very slow growth. Get the full story »
U.S. consumer prices rise in August
U.S. consumer prices increased slightly more than expected in August as food prices rebounded and energy costs remained elevated, but core prices were flat, a government report showed on Friday. Get the full story »
