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July 25, 2008 6:42:52 PM CDT

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Stories related to: consumer prices

Stories

19 Stories

  • July 2008

    • Consumer Prices Surge Most Since '91

      newser  |  Bloomberg  |  Jul 16, 08 9:35 AM CDT

      Consumer Prices Surge Most Since '91

      Consumer prices rose a staggering 1.1% in June, Bloomberg reports. The figure far surpassed analyst estimates, and brings the year-over-year figure to 5%–the biggest surge since 1991. Core inflation, which excludes food and energy, rose a more-than-expected 0.3%. “Inflation has galloped,” one economist said. “It puts the Fed in a really tricky position. I don't see how they can change rates this year.” More »

      Tags

      Federal Reserve  • Ben Bernanke  • inflation  • consumer prices  • economic indicators  • core inflation  • federal funds rate

    • Consumers Are Quickly Trading Down

      newser  |  Wall Street Journal  |  Jul 11, 08 12:26 PM CDT

      Consumers Are Quickly Trading Down

      As fuel prices and home foreclosures steadily rise, Americans are trading down in everything from automobiles to their lunch options. That's not unusual in an economic downturn, but the speed with which it's happening is, the Wall Street Journal reports. And the flight to the affordable and generic is affecting the broadest array of goods since the recession of the early 1980s. More »

      Tags

      gas prices  • subprime crisis  • Wal-Mart  • weak dollar  • consumer prices  • weakening economy  • retail stores  • consumer goods  • discounts

  • May 2008

    • Americans Reducing Mileage on Cars, Not Stomachs

      newser  |  Reuters  |  May 21, 08 5:33 PM CDT

      Americans Reducing Mileage on Cars, Not Stomachs

      Many Americans are cutting back on gas due to spiking prices, but few are eating less in response to similarly soaring food costs, a poll finds. Nearly half of respondents said they were driving less, but only 8% said they were eating less. "People have more control over gasoline. They are driving less and driving smarter," pollster John Zogby tells Reuters. More »

      Tags

      gas prices  • food prices  • consumer prices

    • Inflation News Boosts Stocks

      newser  |  Wall Street Journal  |  May 14, 08 3:38 PM CDT

      Inflation News Boosts Stocks

      Stocks were up today on consumer price data showing lower-than expected inflation and on declining oil prices. A Labor Department report showed the CPI rose only 0.2% in April, reports the Wall Street Journal . The Dow ended up 65.71 to 12,897.89, the Nasdaq rose 1.58 to 2,496.70, and the S&P rose 5.56 to 1,408.6. More »

      Tags

      stock market  • S&P 500  • Dow Jones Industrial Average  • consumer prices  • NASDAQ

    • Recession Fears Overblown: Economists

      newser  |  Wall Street Journal  |  May 14, 08 9:50 AM CDT

      Recession Fears Overblown: Economists

      A growing number of economists are saying, cautiously, that the US might have pulled back from the brink of recession, the Wall Street Journal reports. The experts credit swift action by the Federal Reserve to lower interest rates and save Bear Stearns in March, and even the ongoing distribution of fiscal-stimulus checks, as catalysts for the detour. More »

      Tags

      stock market  • Federal Reserve  • recession  • Bear Stearns  • credit market  • economic stimulus package  • consumer prices

  • April 2008
  • March 2008

    • Rising Cost of Essentials Slams Poor Families

      newser  |  Washington Post  |  Mar 21, 08 1:35 PM CDT

      Rising Cost of Essentials Slams Poor Families

      The rising price of essentials and sluggish growth in wages mean that inflation is hitting low- to middle-income families hardest, the Washington Post reports. Americans are paying 9.2% more for staples—groceries, gas, health care, etc.— than they did in 2006, nearly twice the pace of the growth in wages. Prices for luxury items—restaurant meals, new cars, etc.—are also rising, but not nearly as fast. More »

      Tags

      gas prices  • inflation  • food prices  • health care costs  • consumer prices  • wages  • middle class  • low-income families

    • Flour Is Costing a Lot of Bread

      newser  |  Los Angeles Times  |  Mar 16, 08 8:46 AM CDT

      Flour Is Costing a Lot of Bread

      Consumers are getting hit in the breadbasket as tight flour supplies push bakers’ costs higher, reports the Los Angeles Times. Wheat crop failures, the weak US dollar and more farmers growing corn for ethanol instead of grain have more than doubled the price of a 50-pound bag of flour to $27. And it could go to $60 this year. More »

      Tags

      consumer prices  • pizza  • bread  • wheat prices  • flour  • bakers

    • Consumer Prices Flat in Feb.

      newser  |  Wall Street Journal  |  Mar 14, 08 8:41 AM CDT

      Consumer Prices Flat in Feb.

      Consumer prices were flat for February, pleasantly surprising economists who expected a 0.2% increase, reports the Wall Street Journal . This morning’s consumer price index eases concerns that inflation is accelerating as the economy slows, and it gives the Federal Reserve more reason to float a large interest rate cut next week. A drop in energy prices was credited with the inflation relief, likely to be short-lived as this month's record oil and gas prices are factored into the next reports. More »

      Tags

      US economy  • oil price  • gas prices  • inflation  • economy  • food prices  • consumer prices  • core inflation  • Consumer Price Index  • energy costs

    • Beer and Pizza Getting Pricey

      newser  |  MSNBC  |  Mar 1, 08 3:58 PM CST

      Beer and Pizza Getting Pricey

      Even cheap foods like pizza and bagels are getting pricey these days over a mix of inflationary pressures, MSNBC reports. Last year's shocking 4% food price hike was driven by more than gas prices, one analyst says: It's diesel that fuels the trucks and trains that transport goods. "It's everything that gets shipped," he said—which makes diesel costs "much scarier" than the cost of gas. More »

      Tags

      gas prices  • food  • beer  • food prices  • ethanol  • fast food  • consumer prices  • hot dogs  • pizza  • wheat prices  • cheese

  • February 2008

    • Wholesale Inflation Surges

      newser  |  Bloomberg  |  Feb 26, 08 10:06 AM CST

      Wholesale Inflation Surges

      Wholesale prices rose more than twice as fast as analysts predicted in January, in the latest sign that inflation is outstripping growth, Bloomberg reports. After a 0.3% drop in December, finished good prices rose 1% last month, with the core indicator up 0.4%, its biggest gain in almost a year. Fed chief Ben Bernanke will discuss the inflation statistics tomorrow when he delivers a policy report to Congress, MarketWatch notes. More »

      Tags

      recession  • Ben Bernanke  • inflation  • consumer prices  • core inflation  • stagflation

  • January 2008

    • As Consumers Cut Back, Retailers Brace for Trouble

      newser  |  Wall Street Journal  |  Jan 18, 08 2:23 PM CST

      As Consumers Cut Back, Retailers Brace for Trouble

      With consumer confidence skidding as the economy continues to spiral downward, retailers are reconsidering expansion, reducing staff, and trimming inventory, the Wall Street Journal reports. Analysts say 2008 could be the worst year for retail sales since 1991, and one economist warns that the early going “will feel like a recession to many people even if we technically avoid one.” More »

      Tags

      US economy  • retail sales  • consumer prices

  • December 2007
  • October 2007

    • More Docs Just Say No to Pharma Reps

      newser  |  Newsweek  |  Oct 23, 07 3:06 PM CDT

      More Docs Just Say No to Pharma Reps

      More doctors, hospitals, and medical schools are limiting or barring visits from drug-company reps as the calls become more frequent and concerns grow that they may influence prescribing. An organization of doctors who pledge not to welcome pharma reps has only 800 members, but institutional players—including some states—are taking steps to restrict marketing, Newsweek reports. More »

      Tags

      drugs  • doctor  • marketing  • pharmaceutical companies  • consumer prices

    • More People Skipping Basics to Pay the Bills

      newser  |  Associated Press  |  Oct 19, 07 7:40 PM CDT

      More People Skipping Basics to Pay the Bills

      More Americans are skipping breakfast and other basics just to pay the bills, the AP reports. With gas hitting highs this year and food prices up as much as 44%, even $35,000-plus wage earners are lining up for food, and food banks report acute shortages. One consultant says he hasn’t seen buyers in such straits since the recession of 2000-2001.  More »

      Tags

      recession  • Wal-Mart  • food prices  • hunger  • consumer prices  • energy prices  • food banks  • 7 Eleven

  • September 2007

    • What Inflation? Consumer Prices Fall 0.1%

      newser  |  Bloomberg  |  Sep 19, 07 1:05 PM CDT

      What Inflation? Consumer Prices Fall 0.1%

      Ben Bernanke is likely patting himself on the back right now, Bloomberg reports. US consumer prices fell 0.1% in August, the first decline this year, making Federal Reserve chairman’s rate cut look good, with inflation potentially under control. “Core inflation has now been falling for nearly a year,'' said one analyst. “The Fed's ease yesterday was not a gamble.” More »

      Tags

      Federal Reserve  • gas prices  • housing market  • inflation  • markets  • consumer prices  • core inflation

  • August 2007

    • Inflation Softened in July

      newser  |  Bloomberg  |  Aug 15, 07 9:52 AM CDT

      Inflation Softened in July

      Consumer prices in the US in July rose at the slowest rate in eight months. The housing slump—and fuel costs—have weakened consumer spending considerably, forcing retailers to slash prices, Bloomberg reports.  Prices rose only rose 0.1% in July, as predicted by analysts. Yields of U.S. Treasury securities fell following the report. More »

      Tags

      US economy  • Federal Reserve  • housing market  • inflation  • retail  • consumer spending  • consumer prices

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