Tags: US | Consumer | Prices

Consumer Prices Inch Up 0.1 Percent as Wages Fall

Wednesday, 14 Apr 2010 08:41 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Consumer prices edged up a modest amount in March with prices outside of food and energy rising at the slowest pace over the past 12 months in six years.

Despite the good inflation news, household budgets remained under pressure as hourly earnings fell again.

The Labor Department said Wednesday that consumer prices edged up 0.1 percent last month. Core inflation, which excludes food and energy, was unchanged last month.

The small overall increase was in line with expectations while the flat reading for core prices was better than the 0.1 percent rise economists had expected.

Over the past 12 months, core inflation is up by just 1.1 percent, the best 12-month showing since a similar 1.1 percent rise for the 12 months ending in January 2004. That slow rise in core prices has not been lower in more than four decades.

However, household budgets remain under pressure. The Labor Department said in a separate report that average hourly earnings dipped 0.1 percent in March. After adjusting for the small rise in inflation, earnings were down 0.2 percent for the month.

Over the past year, hourly earnings, after adjusting for inflation, are down 0.6 percent as the lingering effects of the worst recession since the 1930s continue to depress wages.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

China Arrests US Aid Worker on North Korean Border

Friday, 19 Dec 2014 21:56 PM

China has arrested an American Christian aid worker based near its border with North Korea, his lawyer said Saturday, as . . .

Murdered Student's Father: Palestinian Minister No 'Martyr'

Friday, 19 Dec 2014 21:37 PM

Many Palestinians have sought to portray Ziad Abu Ein – a Palestinian Authority (PA) minister who suffered a fatal heart . . .

Pete Hoekstra on Sony Attack: NKorea 'Had Help in Doing This'

Friday, 19 Dec 2014 21:06 PM

The Obama administration formally accused North Korea of hacking Sony Pictures Entertainment on Friday, but former House . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved