Consumer Prices Drop as Industry Output Is Up
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Consumer prices dropped in July for the first time in eight months as a sharp run up in gasoline costs reversed, the government said.
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U.S. consumer prices dropped in July  for the first time in eight months as a sharp run up in energy  costs reversed, the government said in a report that suggested  a slow rate of interest rate hikes is likely.
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Rate rises have cut demand for consumer services such as beauty treatments and holidays, a CBI survey suggests.
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British manufacturing output unexpectedly dropped for the second month running in July, figures showed today. The data, from the Office for National Statistics (ONS) reinforced impressions that interest rates were either at or close to their peak.
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U.S. producer prices dropped  unexpectedly last month as the cost of gasoline plunged and  food and vehicles prices fell, according to a government report  on Friday that showed inflation pressures under wraps.
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Consumer prices unexpectedly dipped 0.1 percent last month and new home construction hit a 12-year low, data on Wednesday showed, underlining concerns about the country's economic outlook.
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U.S. consumer prices dropped in July  for the first time in eight months as a sharp run up in energy  costs reversed, the government said on Tuesday in a report  showing inflation pressures largely in check.
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Prices paid to U.S. producers for  goods except food and energy fell in July for the first time in  nine months, according to a government report on Tuesday that  markets saw as a sign of slowing inflation.
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US producer prices rose 0.1% last month while home starts fell 6%, as the economy continues to cool.
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U.S. producer prices dropped  unexpectedly last month as the cost of gasoline plunged and  prices of food and vehicles fell, according to a government  report on Friday that showed inflation pressures under wraps.
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Consumer Prices Index inflation, the Governmentâs target measure, fell to 1.3 per cent in August, down from 1.4 per cent in July.
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Consumer prices rose modestly in December while industrial production was flat, leaving the door open for the Federal Reserve to slash interest rates later this month to shore up an economy that some fear is on the verge of a recession.
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Consumer prices in August fell for the first time in 10 months, as another big drop in energy costs offset higher food prices.
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Consumer prices fell at a slower pace in April, the government reported. Core consumer prices, which exclude fresh food, declined 0.1 percent from a year earlier. The measure of inflation fell 0.3 percent in March, the steepest drop in two years, matching the median estimate of 44 economists surveyed by Bloomberg News. Core prices in Tokyo, a harbinger of nationwide prices, were unchanged for a second month, also in line with economistsâ expectations.
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Stocks fell after a higher-than-expected consumer prices report raised concern that simmering inflation may hamper further interest rate cuts by the Federal Reserve.
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Producer prices dropped unexpectedly last month as energy price gains eased and the cost of food and vehicles fell, according to a government report on Friday that showed inflation pressures fading.
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Britain's manufacturing output slipped in November, official data showed Friday, prompting analysts to warn of a potential recession in the sector this year.