US consumer prices tick up just 0.1 per cent last month despite big gain in energy costs
WASHINGTON - U.S. consumer prices barely rose last month as a sharp rise in energy costs was offset by cheaper clothing, cars and air fares. The figures suggest inflation remains mild.
The Labor Department says the consumer price index rose just 0.1 per cent in January, down from 0.2 per cent in December. Prices have risen 1.6 per cent in the past 12 months. Excluding the volatile food and energy categories, core prices also rose 0.1 per cent last month and 1.6 per cent in the past year.
Still, cold weather pushed up the cost of gas, electricity and other home energy by the most in more than five years.
Yet other items fell or barely rose: Food prices increased just 0.1 per cent, and the cost of men's clothing fell by the most in nearly five years.
Read more Business News
- Mt. Baldy may open this yr.Penticton / S. Okanagan - 3:47 pm
- Snow on 97CBC - 3:30 pm
- Canadian dies in avalancheWorld - 8:55 pm
- Distracted driving talesVernon / N. Okanagan - 8:00 pm
|QHR Technologies Inc||1.26||+0.03|
|Anavex Life Sciences||0.184||-0.001|
|Copper Mountain Mining||2.42||-0.10|
|Sunrise Resources Ltd||0.065||+0.045|
|Mission Ready Services||0.32||-0.02|
Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...
Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...
Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...