Tag Archives: gas prices

Prices Rise on Higher Airfares, Gasoline Prices

The Consumer Price Index (CPI) rose 0.3% in April, driven by outsize gains in gasoline prices (other energy prices dropped during the month), airfares and, to a lesser extent, new and used cars. Food prices also picked up as the effects of the drought out West and late start to the planting season in the [...]

CPI Rebounds from Winter Lull

The Consumer Price Index (CPI) roseĀ  0.2% in March from February, well in-line with expectations and was up 1.5% from a year ago, a little hotter than we saw just a month ago. The portions of the country that escaped the polar vortex suffered a drought, which is pushing up feed prices. In response, prices [...]

Winter Chill on Incomes Doesn’t Stop Spending

Disposable personal incomes edged down 0.2% in December, after being adjusted for inflation. A shortfall in farm income and a sharp moderation in wage gains in the service sector accounted for much of the weakness; the softness in the service sector was likely exacerbated by unusually harsh winter weather as the number of people unable [...]

Harsh Weather Prompts Spending on Winter Clothing, Food

Retail sales rose a modest 0.2% in December, as unusually harsh winter weather put a lid on foot traffic at car dealers. Sales excluding motor vehicles and parts were up a much more respectable 0.7%, as early snow and freezing temperatures left consumers scrambling to snap up coats and sweaters and stock up at grocery [...]