Inflation Continues to Edge Up
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Inflation continued to creep up in December, but the rise in prices will likely do little to hold back another interest rate cut.
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Consumer prices rose an as-expected 0.2% last month, a government report showed Tuesday, but a sharp jump in lodging costs helped push so-called core inflation up at its fastest pace in five months.
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Key inflation measure in line with Wall Street forecasts; ex food and energy also tame. NEW YORK (CNN/Money) - Prices paid by consumers in November showed a modest increase, the government said Friday, coming
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WASHINGTON -- Inflation at the consumer level rose by a larger-than-expected amount in January as falling energy prices only partially offset big increases in the cost of medical care, food and airline tickets.
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Consumer prices calmed down in November, helped by smaller increases in energy and food. That means the Federal Reserve probably will continue raising interest rates only gradually to keep inflation under control.
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U.S. core consumer prices kept rising in October and new claims for unemployment benefits unexpectedly shot higher last week, according to government reports on Thursday that implied the economy faces continuing pressure to keep growing without spurring inflation.
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an improvement compared with the previous month&#39;s surge, but still fresh evidence that inflation is picking up as the economy gains momentum.
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The rate of inflation rose in August for the fourth successive month as this year&#39;s series of interest rate rises drove up the cost of buying a house.
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More U.S. interest rate increases  lie ahead, but they would likely not need to be at a faster  pace because inflation is contained, Federal Reserve officials  said on Friday.
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Consumer prices rose faster than most workers' wages last year, as surging energy prices pushed inflation to the highest level in four years, the Labor Department said yesterday.
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WASHINGTON -- Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas.
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Inflation rose to 2.5% in August, the latest figures from the Office for National Statistics show.
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Federal Reserve policy makers plan to keep pushing interest rates higher to blunt the risk of an inflation flare-up, according to minutes of the Fed's December meeting, released yesterday.
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Inflation grew in November at its fastest pace in two years, as sky-high oil prices pushed up the costs of other products, while consumer purchases rose a bigger-than-expected 1.1 percent.
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The dollar inched up on Wednesday,  extending large gains made in the previous session when the  Federal Reserve surprised markets by making clear it was  worried about inflation and suggested it would keep lifting  U.S. rates.
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Federal Reserve policy-makers are likely to keep bumping up short-term interest rates this year, a defense against an inflation flare-up now that the economic expansion is on firm footing.
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Wages rose faster than expected in the June-August period but analysts say the increases are still not high enough to cause inflation worries at the Bank of England.