Wednesday, April 1st7.2°C
25757
22748

US consumer prices rise 0.4 per cent in May, biggest increase in 15 months, with food costs up

WASHINGTON - U.S. consumer prices increased in May by the largest amount in more than a year as the cost of food and gasoline showed big gains and airline fares jumped by the largest amount in 15 years.

The Labor Department says its consumer price index rose 0.4 per cent in May, the biggest one-month jump since a 0.6 per cent increase in February 2013.

Over the past 12 months, consumer prices are up 2.1 per cent. While that was the biggest 12-month price change since October 2012, it still left prices rising at a modest pace near the Federal Reserve's 2 per cent target.

Excluding volatile food and energy, core inflation was up 0.3 per cent in May, the biggest one-month gain since August 2011. Over the past 12 months, core prices are up 2 per cent.

The Canadian Press


Read more Business News

25779


Recent Trending




Today's Market
S&P TSX14942.55+40.11
S&P CDNX681.32+1.25
DJIA17698.18-77.94
Nasdaq4880.23-20.66
S&P 5002059.69-8.20
CDN Dollar0.7924+0.0036
Gold1203.60+20.50
Oil49.66+2.06
Lumber274.10-4.10
Natural Gas2.605-0.035

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.010.00
QHR Technologies Inc1.55+0.07
Cantex0.03-0.01
Anavex Life Sciences0.23+0.02
Metalex Ventures0.045+0.005
Russel Metals24.83+0.79
Copper Mountain Mining1.19+0.03
Colorado Resources0.11-0.01
ReliaBrand Inc0.0036-0.0024
Sunrise Resources Ltd0.04-0.01
Mission Ready Services0.23-0.02
Decisive Dividend Corporation1.80+0.02

 





FEATURED Property
2222293Ready For New Location
$1,000
more details
Click here to feature your property
Please wait... loading


Down payment

If you have less than 20% down payment, mortgage insurance is required through Canada Mortgage & Housing (CMHC), Genworth or Canada Guaranty. Homeowners no longer need the minimum 5% down payment ...


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...

_








Member of BC Press Council


25522