Higher gas fails to pump inflation
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OTTAWA (CP) - Despite a rise in gasoline prices last month, the annual rate of inflation dipped to 2.3 per cent in July, Statistics Canada said today.
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NEW DELHI: The government on Sunday decided to hold back any hike in fuel prices. Under the price-band mechanism, there&#39;s room to raise prices of petrol by 66-67 paise/litre and diesel by Rs 1.88/litre.
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Twelve-month inflation pulled back to 2.7 percent in January after striking a record high point of 3.0 percent in December, official data has shown.
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Food costs went up again but consumers finally got a break at the gas pumps in June, helping to lower inflation to the smallest increase in five months.
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Surging energy prices drove up the key US inflation gauge more than expected in October, providing one more reason why the market should expect another rate hike from the nation&#39;s central bank next month.
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WASHINGTON -- Consumer prices shot up at the fastest pace in 20 months in May, fueled by a surge in gas prices, although inflation pressures were moderate in most other areas.
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LOS ANGELES - Gas prices nudged upward about half a penny in the last two weeks after dropping more than 20 cents since May 21, but another price spike is not expected due to a decline in crude oil prices, an industry analyst said Sunday.    The combined national average for all grades of gasoline was $1.91, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey...
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Electricity shortages and gas supply problems predicted to push bills up.
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Higher-than-expected U.S. consumer prices last month chilled hopes that the Federal Reserve will drop a policy bias to hike interest rates and served a terse reminder that inflation remains a threat.
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Higher oil and food prices push up inflation in the eurozone to its highest in more than six years.
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which jumped steeply the previous month - increased only modestly, official figures showed yesterday. Inflation
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Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas
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Canadian consumer prices unexpectedly fell in June, but that is unlikely to deter the Bank of Canada from raising interest rates in September, analysts said, as the annual inflation rate stayed well above target. Annual inflation held steady at 2.2 percent in June. The core rate, which excludes volatile items like gasoline, jumped back up to Aprilâs four-year high of 2.5 percent, after easing to 2.2 percent in May. âThis is good news for a day, but the Bank of Canada will still continue to hike rates to try to minimize any inflation overshoot,â said Carl B. Weinberg, chief economist at High Frequency Economics.
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The average U.S. retail price of gasoline rose more than 5 cents in the past two weeks to more than &#36;2 a gallon, its highest level since June, a leading industry analyst said on Sunday.
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WASHINGTON -- Consumer inflation slowed sharply last month as energy prices moderated, brightening prospects for future economic growth.
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OTTAWA (CP) - Higher gasoline prices compared with one year earlier helped to drive up the annual inflation rate to 2.4 per cent in November, Statistics Canada said Friday.
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NEW YORK - Higher US gasoline prices may slim more than just wallets, according to a study from Washington University in St. Louis.