Consumer Prices Post Another Big Gain
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The Consumer Price Index posted a higher-than-expected gain of 0.4 percent in January, and construction of new homes and apartments rose by 0.8 percent in the month, the government reported.
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A big jump in energy costs sharply  pushed up prices that U.S. manufacturers and wholesalers paid  for goods last month, but outside of energy the inflation  picture looked tame.
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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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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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Wholesale prices shot up 1.7% last month, biggest gain in nearly 15 years and well above expectations, as energy costs skyrocketed and food prices surged, a government report said Tuesday.
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Another round of good results brings another boost in the stock price.
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Consumer prices rose by a bigger-than-expected amount in January, reflecting big increases in the cost of food and health care, the government reported Wednesday.
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Consumer inflation surged by the largest amount in more than two years in November, led by gasoline prices. The cost of clothing, airline tickets and prescription drugs also jumped.
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Consumer prices in the United States increased by 0.6 percent in October, the biggest gain in five months, the US Labor Department reported on Wednesday.
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Rising food costs helped push consumer prices up for a second straight month in January by 0.4 percent, more than offsetting a moderation in energy price rises as inflation showed signs of gaining steam, according to a Labor Department report on Wednesday.
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Consumer prices rose by a slightly bigger-than-expected 0.2 percent in June on higher food costs and they were up by the same amount after stripping out volatile food and energy prices, the Labor Department reported on Wednesday.
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A big jump in energy costs sharply pushed up prices that U.S. manufacturers and wholesalers paid for goods last month, but outside of energy the inflation picture looked tame.
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Consumer prices rose an as-expected 0.2% last month, a government report showed Tuesday, but a sharp jump in lodging costs helped push so-called core inflation up at its fastest pace in five months.
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Prices paid to US producers rose 1.7 percent last month, the biggest jump in 14 years, as higher energy and food costs suggested that inflation is picking up with economic demand.
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Rising food costs helped push  consumer prices up for a second straight month in January by  0.4 percent, more than offsetting a moderation in energy price  rises as inflation showed signs of gaining steam, according to  a Labor Department report on Wednesday.
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Prices spiked 4.1 percent last year, the highest increase in 17 years.
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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.