Share “News Summary: US consumer prices flat in...”

News Summary: US consumer prices flat in January

Published on NewsOK Modified: February 21, 2013 at 11:17 am •  Published: February 21, 2013
Advertisement

MARKING TIME: U.S. consumer prices were flat in January for the second consecutive month. Excluding the volatile food and energy categories, core prices rose 0.3 percent, pushed up by higher costs for clothing, air fares and rents.

LONGER VIEW: The Labor Department said the consumer price index has risen 1.6 percent in the 12 months ending in January, down from a 2.9 percent pace a year ago. Core prices have risen 1.9 percent in the past year, below the Federal Reserve's inflation target.

THE OUTLOOK: Low inflation leaves consumers with more money to spend, which benefits the economy. Private economists see little sign that prices increases are accelerating.


AROUND THE WEB

  1. 1
    KFOR: Ada woman accused of illegally euthanizing neighbor's dog
  2. 2
    KFOR: Silver Alert: 54-year-old El Reno woman is missing
  3. 3
    KFOR: Confession leads to arrest of Oklahoma pastor accused of sex crimes against children
  4. 4
    ONEOK Partners to invest up to $100 million to expand capacity in Permian Basin
  5. 5
    Report: Thunder signs Josh Huestis to 4-year deal
+ show more

FEATURED JOBS



× Trending business Article