Sunday, January 25th4.9°C
24624
24805

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.

The Canadian Press


Read more Business News

24153


Recent Trending




Today's Market
S&P TSX14779.35+15.369
S&P CDNX678.18-0.79
DJIA17672.60-141.38
Nasdaq4757.879+7.481
S&P 5002051.82-11.33
CDN Dollar0.8039-0.0011
Gold1292.60-2.00
Oil46.35-2.34
Lumber311.50+6.50
Natural Gas2.986+0.132

 
Okanagan Companies
Pacific Safety0.115-0.005
Knighthawk0.010.00
QHR Technologies Inc1.38+0.06
Cantex0.035+0.005
Anavex Life Sciences0.1810.00
Metalex Ventures0.040.00
Russel Metals24.48+0.32
Copper Mountain Mining1.10-0.02
Colorado Resources0.155+0.005
ReliaBrand Inc0.006+0.001
Sunrise Resources Ltd0.055+0.03
Mission Ready Services0.22+0.02

 



24393

FEATURED Property
2173666302-457 West Ave
2 bedrooms 2 baths
$598,700
more details
image2image2image2
Click here to feature your property
Please wait... loading


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...


Ailing Parents: Tax Issues

If your parent has become ill, there can be several tax issues that come into play depending on the nature of their illness, their age and the role that family members are playing. For example, if you...


What do I pay ICBC for anyway?

If you have had ongoing dealings with ICBC as a result of a car accident than you have likely had the pleasure of dealing with at least two sides of ICBC. Initially the relationship starts off pleasan...

_








Member of BC Press Council


24222