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, […]
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Consumers Remain Unfazed by Higher Gas Prices
With retail sales the highest they’ve been in five months, rising gasoline prices don’t seem to be fazing consumers, yet. Retail sales rose 1.1% in February, in line with economists’ expectations. Though higher gasoline prices accounted for some of the increase in spending, retail sales in February were still very […]
January Inflation Follows Fed’s Expectation
Consumer prices rose slightly in January, mainly lifted by energy and apparel costs due to the tension with Middle Eastern countries and a cotton supply shortage. The 0.2 percent is lower than economists’ forecasts, and they believe that current inflation is being contained by the Federal Reserve, which initially targeted […]
Retail Sales Up, Car Sales Down
Retail sales rose 0.4% in January, well below expectations in a sign that the economy isn’t recovering quite as quickly as economists would like to think. Since automakers had reported an increase in unit sales earlier in the month, the 1.3% drop in motor vehicle sales was the biggest surprise […]