Consumer Prices Down, Industry Output Up
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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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Consumer inflation slowed sharply last month as energy prices moderated, brightening prospects for future economic growth.
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The Labor Department reported Friday inflation at the retail level as measured by the consumer price index grew 0.2 percent in November as prices of gasoline and some types of food dropped.
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After months of being buffeted by higher energy costs, consumer prices posted a rare decline in July while output at U.S. factories and construction of new homes and apartments rebounded from their June swoon.
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A drop in energy costs pulled U.S.  consumer prices down last month, but core inflation moved up  modestly and housing starts surged, according to data on  Wednesday that bolstered expectations for a steady diet of  interest-rate rises.
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Consumer price inflation fell to 1.3% in August, official figures show, as interest rate rises begin to make their mark on the economy.
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New data showed US inflation in check, with consumer prices up a modest 0.1 percent in August, giving the Federal Reserve room go slow on boosting interest rates.
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U.S. consumer prices rose modestly  in November as energy costs that had shot up a month earlier  and fanned inflation fears posted only a small gain last month,  the Labor Department said on Friday.
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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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Core U.S. consumer prices rose a   less-than-expected 0.1 percent in July, but the year-on-year   rate of nonfood, nonenergy inflation remained at 2.4 percent,   the highest level since September 2002, a Commerce Department   report showed on Thursday.
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The Consumer Price Index (CPI) in the United States increased by 0.1 percent in August following a drop of 0.1 percent in the previous month, the Labor Department reported on Thursday.
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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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The government&#39;s latest Consumer Price Index shows little, if any, sign of inflation. The August CPI is up one-tenth of one percent.
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U.S. consumer spending slipped in   August but falling gasoline prices lifted shoppers' moods by   September and Midwest factory activity picked up as well,   according to data on Friday that suggested the economy was   still chugging along.
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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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Surging energy costs drove up U.S.  consumer prices a hefty and larger-than-expected 0.6 percent  last month, while industrial output grew strongly after  rebounding from hurricanes and housing starts leapt, government  reports showed on Wednesday.
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WASHINGTON - Consumer prices posted a rare decline in August while the battered housing industry saw construction fall to the slowest pace in 12 years.