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 ...

Japan’s government has kept unchanged for May its overall assessment of the economy—that it is recovering gradually, though pockets of weakness remain.
Confidence among Japanese manufacturers receded in May for the...
Thailand Holds Key Rate
Thailand’s central bank held its key interest rate near a record...
Malaysia Growth at 2-Year High
Malaysia’s central bank has said that its GDP grew 5.6% year...
34% Jobless in Namibia
Namibia’s unemployment rate increased to 34% of the working...
Kenya’s C/A Deficit Widens
Kenya’s current account deficit widened to 7.7% of GDP in...
Brazil Economy Reforms at Risk
Economic austerity reforms meant to put Brazil’s recession-...
German CCI Up
German consumers remain in an upbeat mood for a second month in...
Moody’s said it expects the financial strength of the Chinese economy will erode in coming years.
Moody's Investors Service Wednesday downgraded China's credit...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus