Consumers strained by price surge last year
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Shoppers faced moderate price rises in December but that capped a year in which prices soared at the sharpest rate in 17 years, pressuring households also dealing with a steep housing downturn and tighter credit.
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Consumer prices posted their biggest gain in more than two years in November as energy costs surged and a host of other prices marched higher, damping prospects of further interest-rate cuts from the Federal Reserve.
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The Federal Reserve&#39;s new wave of interest-rate increases is spilling into consumers&#39; and investors&#39; lives in good and bad ways.
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U.S. restaurant companies have struggled this year with soaring food costs and fewer customers, and many on Wall Street see tougher times ahead as prices of commodities remain high and cash-strapped consumers cut back on eating out.
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WASHINGTON -- Consumer inflation surged by the largest amount in more than two years in November, led by gasoline prices. The cost of clothing, airline tickets and prescription drugs also jumped.
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Consumers boosted their spending at  the strongest rate in four months during August and core  consumer prices posted their smallest year-on-year rise in  3-1/2 years, the Commerce Department reported on Friday.
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Consumers put aside worries about the weak economy and high gasoline prices to storm the shopping malls, pushing up retail sales in November. Wholesale prices shot up by the largest amount in 34 years, which could be a harbinger of higher prices to come for shoppers.
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WASHINGTON -- The U.S. economy has been battered by a bigger-than-expected slump in housing but will keep growing next year as consumers get relief from soaring energy costs.
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Consumer prices rose 7.1 percent, the largest increase in more than a decade.
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Costs have increased steadily in recent years, causing some to wonder about quality.
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If prices keep rising, it could sour consumers and make the recession fight more difficult.
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U.S. consumers spent an estimated $535 more on gasoline in the past year, but some consumer goods categories benefited as people shifted away from luxuries such as dining out and stayed home, according to a new study.
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Surging energy costs drove US consumer prices up by a hefty and larger-than-expected 0.6 percent last month, the biggest jump since May, a government report showed on Wednesday.
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The effect of high crude oil prices continued to pinch consumers at the pump, with the average cost for gasoline rising 4.9 cents to the highest level in 14 months and diesel fuel soaring 6.3 cents to match the record set two years ago, the government said on Monday.
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US retail sales are set to slow markedly this year as consumers feel the impact of rising interest rates, the National Retail Federation says.
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Holiday shoppers were not spending as freely as expected, causing worry for many economists and investors.
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Consumers shelled out for electronics, especially TVs, but growth over the previous year slowed.