core inflation news stories on Newser

Thanks for Nothing: Pecan Prices Up 22%

Mark Russell — Thu, 10 Nov 2011 09:57:49 CST

For those who can't face Thanksgiving without pecan pie, you're going to pay dearly for the privilege this year: the price tag on the tasty dessert is up by 22%, reports CNN . Sure, core inflation is a low 2% , but food prices are on the rise, and pecans are up...

Consumer Prices Dive 1%, Biggest Drop in 61 Years

Wed, 19 Nov 2008 09:07:45 CST

Consumer prices in the United States plunged by the largest amount in the past 61 years in October as gasoline prices dropped by a record amount. The Labor Department said today that consumer prices fell by 1% last month, the biggest one-month decline on records that go back to February...

'Consumers Have Thrown In the Towel': Report

Clay Dillow — Fri, 31 Oct 2008 09:24:55 CDT

The punches are coming from all directions and consumers, beaten down and out of breath, are clearly ceding the fight through decreased spending, Bloomberg reports. The scorecard released today says it all: consumer purchases were down 0.3% in September, the biggest drop in 4 years, capping the weakest quarter...

Dow Up 401 After Seesaw Day

Nick McMaster — Thu, 16 Oct 2008 15:23:38 CDT

Stocks rallied late in today’s volatile session, but stopped short of recovering yesterday’s sharp losses, rollercoastering through an 800-point range, MarketWatch reports. Crude oil futures fell $4.69, to about half of their record high in July, on a report that showed US inventories increasing. The Dow rose 401.35...

Stocks Break 2-Day Slump

Nick McMaster — Thu, 14 Aug 2008 15:28:25 CDT

Stocks posted solid gains today for the first time in three days as financials rebounded, the dollar gained, and oil fell nearly $1, MarketWatch reports. The Dow rose 82.97 points to close at 11,615.89, the Nasdaq gained 25.05 to 2,453.67, and the S&P 500...

Consumer Prices Jump in July; Inflation at 17-Year High

Thu, 14 Aug 2008 09:07:00 CDT

US consumer prices shot up 0.8% in July, twice the expected rate, pushed higher by surging energy and food costs, the AP reports. The spike left inflation running at 5.6%, the fastest pace in 17 years, the Labor Department reported today. It marked the third straight month of...

Bank of England Pressed to Rein in Inflation

Jim O'Neill — Wed, 13 Aug 2008 10:26:16 CDT

Great Britain’s inflation rate—driven by energy and food prices rising at the fastest pace in more than 20 years—is on track to hit 5% by autumn, reports the Guardian . The cost of living jumped 0.6% to a 16-year high of 4.4% last month, the largest 1-month...

Consumer Prices Surge Most Since '91

Kevin Spak — Wed, 16 Jul 2008 09:35:08 CDT

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...

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...