Aug 19, 2014 — Food prices are higher at the grocery store this summer, thanks to drought in Texas and California. But at least the drive to the store won't cost as much: Gasoline prices have been falling lately.
Jul 28, 2014 — Each day this week will bring new decisions and reports that could have a big impact on the nation's economy.
Jul 11, 2014 — On paper, inflation has been low this year. But consumers buying food or fuel may disagree. Prices for beef, eggs, fresh fruit and many other foods are much higher than overall inflation.
Sep 17, 2013 — Consumer prices rose just 0.1 percent in August and were up only 1.5 percent from a year earlier. The report seems to fit with the notion that the Federal Reserve has accomplished its objective: Give the economy enough of a lift to keep it moving, but not so much that inflation takes off.
Jul 12, 2013 — A surge in the cost of gasoline fueled a sharp increase in wholesale prices last month. Meanwhile, Bloomberg News is reporting that former Treasury Secretary Lawrence Summers wants to be the next chairman of the Federal Reserve.
Apr 12, 2013 — The good news: Inflation remains in check. The bad news: Consumers were less willing to spend last month.
Mar 15, 2013 — Prices rose overall by 0.7 percent. The major factor: a 9.1 percent surge in gasoline. Since February, though, gas prices have retreated. So economists do not think the latest report changes the inflation picture.
Feb 21, 2013 — Consumer prices were flat in January. But since then, gas prices have risen sharply. So upcoming inflation reports may not be as positive.
Jan 16, 2013 — Consumer prices rose just 1.7 percent in 2012, the Bureau of Labor Statistics reports. That's about half the pace of 2011 — when prices went up 3 percent. A sharp slowing in the increase of gas prices was a major factor. The news means interest rates will likely stay low.
Jan 15, 2013 — Consumers were still in a spending mood in December, even as lawmakers battled over the budget. Meanwhile, wholesale prices fell slightly. Those are both good signs for the economy.