(Photo: REUTERS)
The Labor Department said on Friday the Consumer Price Index (CPI) was unchanged in January on a seasonally adjusted basis, missing views. U.S. consumer prices were expected to decline by 0.1%, though the CPI rose over the past year at the fastest pace since October 2014.
Excluding the volatile food and energy components, so-called core prices rose 0.3% were 0.3% higher, compared to expectations for a 0.2% gain and the biggest monthly gain since August 2011.
The Consumer Price Index (CPI), which gauges what Americans pay for goods and services, was flat after declining 0.1% the prior month, according to the Labor Department.
Economists surveyed by The Wall Street Journal had expected overall prices to fall 0.1% and core prices to rise 0.2%. Yet, almost all of the increases in the CPI resulted from increased medical cost and housing cost.
The most damning journalistic sin committed by the media during the era of Russia collusion…
The first ecological study finds mask mandates were not effective at slowing the spread of…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…
Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…
Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…
This website uses cookies.