The cost of living in the US rose less than expected in December, according to a Labor Department report released Friday. However, inflation picked up in the past year as a result of higher energy prices. Consumer prices inched 0.1 percent higher in December after rising 0.4 percent in November. The reading was the lowest […]
US inflation over the past year returned to positive territory for the first time since February and Americans paid more for energy in November, bringing the cost of living up from the prior month, according to a government report released on Wednesday. Consumer prices rose 0.4 percent in November — as most analysts expected — […]
The cost of living in the US rose more than expected in October, as the price of fuel, food and cars helped drive costs higher, according to a Labor Department report released Wednesday. Consumer prices rose 0.3 percent in the month after a 0.2 percent increase in September, according to the latest Consumer Price Index […]
The cost of living in the US rose slower in September, easing concerns of higher inflation which over the past 12 months has fallen more than one percent, according to a Labor Department report released Thursday. Consumer prices edged higher last month by 0.2 percent, following a 0.4 percent climb in August. Core consumer prices, […]
The cost of living in the US increased slightly in August, but prices were cheaper compared to 12 months ago, a new report released Wednesday by the Labor Department reveals. Annual US inflation dropped 1.5 percent after a 2.1% decline in the 12 months ending in July. The decrease was largely due to lower gasoline […]
The cost of living in the US remained unchanged in July while annual inflation fell the most since January 1950, or nearly 60 years, the Labor Department reported Friday. The government’s Consumer Price Index shows year-over-year inflation declined 2.1%, cut down by sharply lower energy costs as compared to last year when gasoline prices were […]
The U.S. cost of living jumped in June while year-over-year inflation declined by the sharpest amount in 59 years, new government data shows. Consumer prices rose 0.7 percent last month, largely due to a 17.3 percent surge in gasoline prices, the Labor Department reported Wednesday. While gasoline prices peaked, they were no match for prior […]
The cost of living in the U.S. inched slightly higher in May, according to a government report released Wednesday. The same report shows year-over-year inflation fell by the quickest pace since April 1950. The Bureau of Labor Statistics Consumer Price Index shows the annual US inflation rate at -1.3 percent. Cheaper energy over the past […]
The cost of living in the United States remained unchanged in April, although annual inflation fell to -0.7 percent, marking the sharpest year-over-year decline since August 1995, the Labor Department reported Friday. On a monthly basis, consumer prices were held steady in April with the help of reduced food and energy costs — the later […]
U.S. inflation in March dropped to an annual rate of -0.4 percent, marking the first year-over-year decline since August 1995, the Labor Department reported Wednesday. The change is a stark contrast to the month prior, when inflation increased by the fastest one-month pace since July 2008, rising to 0.2 percent. Then, energy costs with a […]
