Consumer Prices Climb; Jobless Claims Up
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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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Stocks opened higher after a reading on jobless claims came in better than economists expected.
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Consumer prices rose 0.3 percent in December and for all of 2007 they shot up at the fastest rate in seventeen years, largely because of soaring energy costs, the Labor Department reported on Wednesday.
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US consumer prices accelerated in September, a gain that may strengthen the Federal Reserve&#39;s resolve to increase interest rates to head off inflation as oil prices surge.
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Surging energy costs drove up U.S.  consumer prices a hefty and larger-than-expected 0.6 percent in  October, while industrial output and housing starts rebounded  strongly from the prior month.
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Pushed by higher energy prices, US consumer prices rose in October, the Labor Department said today. The seasonally adjusted consumer price index rose 0.6 percent in October, the largest gain since May.
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WASHINGTON - Initial unemployment claims rose last week for the first time in four weeks, boosted by more filings related to Hurricane Charley, a government report showed yesterday.
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Consumer prices rose a relatively modest 0.3 percent in December but for all of 2007 prices shot up at the fastest rate in seventeen years, largely because of soaring energy costs, the Labor Department reported on Wednesday.
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US jobless claims unexpectedly rose again last week in more worrying news for the labor market while prices for imported goods grew in November, government data showed on Thursday.
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Japan's economy got more good news Friday as the government said consumer prices rose for the fifth straight month and the jobless rate dropped in October.
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US initial jobless claims rose for the first time in four weeks, boosted by more filings related to Hurricane Charley, a government report showed.
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U.S. core consumer prices kept  rising in October and new claims for unemployment benefits  unexpectedly shot higher last week, according to government  reports on Thursday that implied the economy faces continuing  pressure to keep growing without spurring inflation.
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The Labor Department reports on consumer prices for July at 8:30 a.m. EDT this morning. Economists are looking for an increase of 0.1 percent, following a 0.3 percent hike in June.
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U.S. stocks rose on Friday after a   report showed consumer prices rose in line with market   expectations in August, soothing concerns about higher   inflation and interest rates.
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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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US 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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Consumer prices &#151; stoked by more expensive gasoline as well as pricier fruits and vegetables &#151; heated up in October, rising by 0.6 percent, the biggest gain in five months.