Inflation Pressures Moderate in August
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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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Wholesale prices dipped 0.1 percent in August as a retreat in food costs helped to blunt a rise in the price of some energy products.
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Annual inflation in the 12 nations sharing the euro slipped to 2.3 percent in August from 2.4 percent in July, the European Union's Eurostat data agency said in a first estimate.
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Chinese inflation ran at 5.3% for the second consecutive month in August, despite  efforts to rein in the booming economy, figures show.
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Consumer prices fell 0.1 percent in August as energy costs fell, keeping pace with the yearâs slowdown in inflation and offering some comfort to Fed officials after yesterdayâs half-point rate cut.
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A pullback in the price of gasoline kept Canada&#39;s annualized inflation rate tame in August, according to a report Friday. Statistics Canada reported that the annualized rate of inflation in August fell to 1.9 per cent from 2.3 per cent in July.
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Ok, so most consumer prices barely budged in August. Inflation is far from a threat now. And things, especially in Michigan, aren&#39;t exactly smoking.
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holding off inflation worries for another month - though economists warned higher prices may be on the way. Prices paid by businesses fell
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Consumer prices barely budged in August, suggesting that inflation isn&#39;t currently a problem for the economy and Federal Reserve policy-makers can stick with a gradual approach to raising interest rates.
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The economy logged decent but slower growth in the early summer as some consumers tightened their belts. Despite high energy prices, overall inflation remained fairly moderate.
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Twelve-month inflation rose to 2.5 percent in August from 2.4 percent the previous month, official data has shown.
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The rate of inflation rose in August for the fourth successive month as this year&#39;s series of interest rate rises drove up the cost of buying a house.
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WASHINGTON - Wholesale prices dipped 0.1 percent in August as a retreat in food costs helped to blunt a rise in the price of some energy products, a fresh sign that inflation isn't currently a problem for the economy. The decline in the Producer Price Index, which measures costs of goods before they reach store shelves, came after wholesale costs edged up by 0.1 percent in July, the Labor Department reported Friday...
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Washington (dpa) - US consumer prices rose 0.1 per cent in August, a mild increase that suggested inflation was in check despite rising oil prices, the government said Thursday.
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China&#39;s economic planners seemed set Monday to take more potent measures to slow the booming economy, as the government reported the key inflation indicator at 5.3 percent in August.
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Thursday's bond price rally followed a government report that showed that inflation was well restrained in August.
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The Labor Department will release the August Consumer Price Index this morning at 8:30 a.m. EDT. In July, the CPI fell slightly due to falling gasoline prices. Also due this morning are jobless claims, which economists expect to increase by 26,000 to 345,000.