61555
US Consumer Prices Rise
US Consumer Prices Rise

US Consumer Prices Rise

US Consumer Prices Rise

US consumer prices rose at a slower pace in February. Clothing and housing costs rose last month, while motor vehicle and gasoline prices dipped, CNBC reported. Consumer prices rose 0.1% in February, a sharp deceleration from the 0.6% jump in January, the Labor Department said Wednesday. The tempered increase comes as the Federal Reserve appears to be poised Wednesday to raise a key short-term rate for the third time since late 2015. Higher energy prices since September, along with rising health care and housing costs, have pushed the consumer measure of inflation above the Fed target. Consumer prices have risen 2.7% over the past year. Excluding volatile food and energy categories, prices have increased 2.2%. Several key categories are running above that average. Housing costs have risen 3.5% over the past 12 months, while the price of medical treatment has climbed 3.4%. Gasoline prices surged 7.8% in January—driving much of the increase in consumer prices that month.

 

Short URL : https://goo.gl/HRn1of
  1. https://goo.gl/Id6M0Z
  • https://goo.gl/zkYUdp
  • https://goo.gl/h4u8v2
  • https://goo.gl/orDz4j
  • https://goo.gl/n5p6VA

You can also read ...

China and India continue to remain the most promising investment destinations in 2017.
Developing Asia is expected to witness a 15% increase in...
Thai CB Retains Key Rate
Thailand’s central bank on Wednesday left its key interest...
Elon Musk, Kevin Plank, Bob Iger, Richard Trumka, Kenneth Carleton Frazier
The honeymoon is definitely over. When US President Donald...
Eurozone Q2 Growth Revised Upwards
The eurozone economy expanded as initially estimated in the...
At 310% GDP, China’s banking sector is above the advanced economy average and nearly three times  the emerging market average.
China's economy is looking good enough that the International...
US Household Debt at $12.8 Trillion
US household debt reached a new record in the second quarter,...
Brazil Raises Deficit Ceiling
Brazil is raising its deficit ceiling for this year and 2018...
Riksbank is under pressure to tighten its ultra-loose monetary policy.
Underlying inflation topped the Swedish central bank’s target...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus