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
- 15-year-old indicted on murder chargeWorld
- Ex councillor named in sex assault casePenticton / S. Okanagan
- Accused bad driver in more troubleKelowna
- Return of the Snowbirds?Poll
|QHR Technologies Inc||1.16||-0.02|
|Anavex Life Sciences||0.438||+0.043|
|Copper Mountain Mining||2.29||0.00|
|Sunrise Resources Ltd||0.035||+0.005|
|Mission Ready Services||0.295||0.00|
This past Sunday I drove from Kelowna to Powell River. For those of you who’ve never had to, particularly in winter, it means rising in the wee hours; managing a treacherous journey on the Coqui...
This time last week the biggest search phrase on Google was “Powerball”. I thought it was perhaps a new App for the iGalaxy or SamPhone, but apparently not. It is in fact a US based lotte...
The budget should allow more competition from smaller lenders which will keep banks competitive and make dealing with a mortgage broker even more important. "The government has promised that th...