Inflation, Gasoline Prices | featured news

Higher gas prices push inflation rate increase to 10-month high

In another sign that higher gas prices are squeezing consumers, the government's monthly measure of inflation rose in February at the strongest pace since last April.

 

More expensive gas pushes up US wholesale prices

Higher gas costs drove U.S. wholesale prices up last month. But excluding the big jump in gas, inflation was mostly tame.

Senh: The good news is that inflation isn't going up much. Still, it's interesting how one single element, like gas prices, can affect other industries. Nothing's an isolated case. It's not just just gas prices; it's also everything related to it - like public transportation, transportation of products, airline fuel, etc... All of that eventually work their way into the price tag of every product you see in the supermarket or department store.

 

Consumer spending tepid in April

Consumer spending rose less than expected in April as high gasoline prices continued to squeeze household budgets, according to government data on Friday which also showed annual inflation accelerating at its fastest pace in a year.

 

Consumer Prices Edged Up Last Month

Inflation pressures remained modest in the month even though gasoline prices edged higher, the government reported.

 

Gasoline Pushes Up U.S. Consumer Prices

Gasoline Pushes Up U.S. Consumer Prices

The 0.7 percent pace in June was slightly faster than expected, but the core inflation measure remained relatively tame.

 

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