Consumer Prices Up in Nov. As Gas Calms
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Consumer prices calmed down in November, helped by smaller increases in energy and food. That means the Federal Reserve probably will continue raising interest rates only gradually to keep inflation under control.
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U.S. average retail gasoline prices  rose more than 6 cents a gallon in the last two weeks, but  further increases are likely to be modest in the short term  unless OPEC cuts production again, according to an industry  analyst.
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Consumer prices, stoked by more expensive gasoline and pricier fruits and vegetables, heated up in October, rising by 0.6 percent, the biggest gain in five months.
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Consumer prices jumped a  bigger-than-expected 0.8 percent in November, the sharpest  climb in more than two years and driven by surging energy  costs, a government report released on Friday showed.
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Wholesale prices and retail sales jumped in November and jobless claims fell last week.
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Consumer prices calmed in November, helped by smaller hikes in energy and food. That means the Federal Reserve probably will continue raising interest rates only gradually to keep inflation under control.
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A leap in gasoline prices pushed the overall rate of inflation higher last month, but consumer prices nationwide generally appear to be increasing at a consistently slower rate.
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Consumer spending rose at the fastest rate in more than two years in November and prices also climbed sharply, according to a government report on Friday that showed the economy on firmer ground than many had believed.
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A key gauge of core U.S. consumer  prices rose a moderate 0.2 percent last month, but  inflation-adjusted spending advanced just 0.1 percent as energy  prices pressured shoppers, a government report showed on  Friday.
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Inflation rose to 1.5 percent in November from 1.2 percent in October, driven by increases in transport and energy costs, official figures showed.
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WASHINGTON: US consumer prices rose an as-expected 0.2 percent last month, a government report showed on Tuesday, but a sharp jump in lodging costs helped push core inflation up at its fastest pace in five months.
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U.S. consumer prices rose an as-expected 0.2 percent last month, a government report showed on Tuesday, but a sharp jump in lodging costs helped push core inflation up at its fastest pace in five months.
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U.S. retail gasoline prices rose to  their highest level in more than a month as an increase in  crude oil prices was passed on to consumers at the pump, the  U.S. government said on Monday.
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Consumer prices rose the most 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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Retail sales rose a strong 1.2 percent in November, but producer prices posted their biggest gain in 34 years, offering a reminder that rising costs are weighing on the economy.
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Consumer inflation was a no-show in November as Americans enjoyed a third straight month of price relief led by big declines in energy costs. Meanwhile, industrial production staged a rebound led by rising output at auto factories.
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U.S. consumer prices rose an as-expected 0.2 percent last month, a government report showed on Tuesday, but a sharp jump in lodging costs helped push so-called core inflation up at its fastest pace in five months.