Tag: inflation

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Personal Income Rises, But Buying Power Dwindles With Inflation

Personal income increased in January but the gains were eaten up by rising prices. Personal income rose 0.4%, exceeding a 0.3% expectation. Consumer spending figures also rose by 0.2% — but a sharp disappointment compared to the previous month’s 0.5% growth. With rising prices, however, the real value after inflation […]

Income and consumption in January confirm strength of U.S. economy

Income and consumption in January confirm strength of U.S. economy

Personal income and spending both rose by 0.5% in January, the U.S. Department of Commerce reported Friday. The figures indicate the American economy is improving as household income increases and consumers show regained confidence by buying more.   Friday’s figures show a sharp improvement over December, when spending rose by […]

Gas Surcharges Haven’t Added To Commodities, CPI Shows

By Menglin Huang| Mar 16, 2012 Higher gas prices in February drove headline consumer prices up by the most in 10 months. But outside of energy, the inflation still remained in check. The consumer price index, or CPI, increased 0.4 percent last month, marking its biggest gain since last April, […]

Jump in Producer Prices Raises Inflation Questions

Wholesale prices increased by 0.8 percent in January, exceeding some forecasters’ predictions. But economists said it’s too soon to sound the alarm on rising inflation, mostly because the overall economic recovery still remains weak. The increase marks the seventh consecutive rise, following a 0.9 percent advance in December and a […]