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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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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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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Consumers have been rattled this month by a surge in gasoline prices, a weakening job market and signs that the housing market is skidding.
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For years, cheap food and feed were taken for granted in the United States. Now the price of some foods is rising sharply, and a blame alert is under way.
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Consumer prices in October posted their biggest increase in five months, pinching people&#39;s pocketbooks at the gas pump and the grocery store.
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They spent years drawing consumers into stores with highly publicized sales and markdowns. Now retailers and their vendors are struggling to convert sale shoppers to full-price buyers.
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If prices keep rising, it could sour consumers and make the recession fight more difficult.
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Food and health care costs drove consumer prices to a 0.2 percent increase in January.
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Figures showing a drop in retail sales spark fears that the recent consumer spending rebound could be coming to an end.
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By Kathleen Gallagher, Milwaukee Journal Sentinel  Sep. 25--American consumers are being hit with a double dose of bad economic news: anemic wage growth and a sluggish housing market.
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WASHINGTON Oct. 7, 2004 - Consumers cut back on their borrowing in August by the largest amount since the end of 1990 as confidence in the economy fell and energy prices surged.
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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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Consumers are feeling the pinch after five interest rate rises in less than a year, with a slowdown in the rampant housing market, ebbing consumer morale and a drop in retail sales, data show.
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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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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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Investors have grown increasingly anxious about how soaring energy costs might dent consumer spending ahead of the what is widely expected to be a chillier than normal winter.