Tag: gas prices

April U.S. Auto Sales expected to be stable

Auto sales are estimated to remain flat compared to last month but up from April 2012, making the automobile industry one of the economy’s strongest sectors. New car sales will remain above a 15 million unit annual selling pace for the sixth consecutive month, according to economists surveyed by Bloomberg. […]

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, […]

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 […]