Consumer Price Index news stories on Newser

'12 Days of Christmas' Gifts Will Cost You $97K

Matt Cantor — Mon, 29 Nov 2010 06:53:24 CST

If your true love gives you everything from 12 drummers drumming to a partridge in a pear tree this year, he or she will have shelled out $96,824. That’s up 10.8% from last year, the AP reports. High gold prices pushed the cost of five gold rings up...

Dow Up 108 to 2009 High

Nick McMaster — Wed, 16 Sep 2009 15:15:29 CDT

Stocks rallied today, with all three major indices hitting their highest levels of the year, the Wall Street Journal reports. GE surged 5.69%, AmEx 3.06%, and BofA 2.80% on good data: Industrial production gained 0.8% in August, and the Labor Department’s consumer-price index rose 0.4%....

Consumer Prices Take Biggest Dip in 59 Years

Kevin Spak — Fri, 14 Aug 2009 13:10:01 CDT

Consumer prices have fallen 2.1% over the past year, the biggest year-over-year decline in 59 years, the Labor Department announced today. Though the Consumer Price Index was unchanged from June to July, it was drastically lower than in July 2008, when oil peaked at $147 a barrel and gas...

Stocks Flat, and So Is Inflation

Kevin Spak — Fri, 15 May 2009 08:49:00 CDT

A pile of economic data couldn’t move stocks this morning. The Dow inched up 24 points, while the S&P and Nasdaq added 0.1% and 0.2%, respectively. The Consumer Price Index was unchanged for April, the Labor Department announced, though Core CPI was up 0.3%. Factory production data,...

Stock Rally Screeches to Halt

Kevin Spak — Wed, 18 Mar 2009 08:42:36 CDT

Stocks took a turn for the worse at the open today, heading south after yesterday’s rally. The Dow fell 67 points, while the S&P declined 0.8%. The Nasdaq fell 0.5%, but component Sun Microsystems soared 65% on news IBM might acquire it. Investors are anxiously awaiting guidance out...

Dow Falls 427 to Below 8,000

Nick McMaster — Wed, 19 Nov 2008 15:21:39 CST

Stocks plunged today on a spread of bad economic news, including signs that the housing market is not improving and dire predictions by the Federal Reserve’s interest-rate committee, the Wall Street Journal reports. The Dow fell 427.47 to close at 7,997.28. The Nasdaq lost 96.85, settling...

Consumers Squeezed, Spending Stalls

Clay Dillow — Fri, 03 Oct 2008 10:45:42 CDT

The current economic crisis is shaping up to be different than others Americans have weathered in the past 20 years in an important respect, the Washington Post reports: consumer spending, which the nation could always count on to propel the economy through, has stalled. Real spending, the catalyst behind 70%...

Inflation Hurts US Workers; Europeans Keep Pace

Clay Dillow — Fri, 22 Aug 2008 10:20:01 CDT

Workers in the US are falling behind inflation while their counterparts in the 15-nation Eurozone are keeping pace, in part because of more powerful unions, the Wall Street Journal reports. But rising wages may damage the European economies, as they deter companies from hiring and in turn boost inflation. When...

Stocks Rally on Dollar's Strength

Nick McMaster — Fri, 13 Jun 2008 15:14:00 CDT

The markets rallied today, pushing the Dow into positive territory for the week, off a strong dollar and a drop in oil prices. The Dow gained 165.77 to close at 12,307.35, a weekly gain of 0.8%. The Nasdaq climbed 50.15 to 2,454.50 but...