US Core Inflation Hotter Than Expected
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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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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.
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The US economy appears to be gaining momentum and with it the risk of higher inflation, a survey of economists by the Wall Street Journal showed Monday.
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The US central bank raised a key interest rate one-quarter of a percent (to 2.25) Tuesday in a bid to fend off future inflation. It is the fifth time since June that Federal Reserve officials have
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U.S. Treasury prices rose on Monday  after an inflation gauge favored by the Federal Reserve was  flat for July, suggesting no need for accelerated rate  increases by the Federal Reserve.
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But a rise in vehicle and prescription drug prices pushed the rate of core producer inflation â excluding food and energy â up 0.2 percent for the month, a slight acceleration from July.
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U.S. producer prices dipped unexpectedly by 0.1 percent in December after a sharp drop in fuel prices, government data showed on Tuesday, but core producer inflation rose by 0.2 percent as projected.
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Core U.S. consumer prices rose 0.2  percent in June, continuing a steady march that has taken the  year-on-year rate of nonfood, nonenergy inflation to 2.4  percent, its highest since September 2002, the Commerce  Department said on Tuesday.
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OTTAWA (CP) - Despite a rise in the price of gasoline last month, the annual inflation rate dipped slightly to 2.3 per cent. However, the core rate of inflation rose a bit more than analysts had expected, fuelling
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U.S. stock futures jumped on Friday   after a key inflation report showed U.S. consumer prices rose   in line with expectations in August, relieving concerns about   inflation.
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Core U.S. inflation rose less than   expected in July, but the year-over-year pace remained   elevated, according to a government report on Thursday that the   inflation-wary Federal Reserve will examine.
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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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Core U.S. prices rose 0.2 percent in  April, according to a government report on Friday that did  little to clear up the question of whether the Federal Reserve  would raise interest rates in June.
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WASHINGTON - US producer prices, a measure of inflation at the wholesale level, rose by a faster-than-expected 0.5% in November, seasonally adjusted Labor Department data showed.
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Wages rose faster than expected in the June-August period but analysts say the increases are still not high enough to cause inflation worries at the Bank of England.
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Inflation grew in November at its fastest pace in two years, as sky-high oil prices pushed up the costs of other products, while consumer purchases rose a bigger-than-expected 1.1 percent.
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Core U.S. consumer prices rose 0.2   percent as expected in August, but the year-on-year rate of   nonfood, nonenergy inflation rose to 2.5 percent, the highest   level in more than eleven years, a Commerce Department report   showed on Friday.