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
- Highway 1 reopened near GoldenBC - 8:44 pm
- Koe dominates Brier finalKamloops - 9:00 pm
- Two Okanagan arenas go for $100kCentral Okanagan - 5:25 pm
- New command for Kelowna DragoonsKelowna - 4:49 pm
|QHR Technologies Inc||1.18||+0.02|
|Anavex Life Sciences||0.42||-0.018|
|Copper Mountain Mining||2.20||-0.09|
|Sunrise Resources Ltd||0.035||+0.005|
|Mission Ready Services||0.295||0.00|
How will you pay for this today? Maybe it’s time to change the way you answer this common checkout question.With more payment options than ever, consumers can find easy ways to save money, simpl...
In the razzle dazzle of Hollywood it is hard to find anyone who stands out from the crowd. The fraternity of Actors, Producers, Directors and various other technical guru’s seem to live in a wo...
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...