FOREX TradingCharts.com

Financial News: U.S. Consumer Prices Inch Up 0.1% In December,

U.S. Consumer Prices Inch Up 0.1% In December, Less Than Expected

01/12/2018 - 09:24:00 (RTTNews)

(RTTNews) - Reflecting a sharp pullback in energy prices, the Labor Department released a report on Friday showing U.S. consumer prices rose by less than expected in the month of December.

The Labor Department said its consumer price index inched up by 0.1 percent in December after climbing by 0.4 in November. Economists had expected prices to rise by 0.2 percent.

The uptick by the consumer price index was primarily due to an increase in shelter costs, which rose by 0.4 percent in December after edging up by 0.2 percent in November.

The report said food prices also rose by 0.2 percent in December after coming in unchanged for two consecutive months.

On the other hand, the report showed a steep drop in energy prices, which slumped by 1.2 percent in December after spiking by 3.9 percent in November.

The pullback in energy prices came as gasoline prices tumbled by 2.7 percent in December following a 7.3 percent jump in the previous month.

Meanwhile, the report said core consumer prices, which exclude food and energy prices, increased by 0.3 percent in December after ticking up by 0.1 percent in November. Core prices had been expected to rise by 0.2 percent.

Along with the shelter index, the indexes for medical care, used cars and trucks, new vehicles, and motor vehicle insurance also increased in December.

The Labor Department said the annual rate of consumer price growth slowed to 2.1 percent in December from 2.2 percent November, although the annual rate of core price growth accelerated to 1.8 percent from 1.7 percent.

Paul Ashworth, Chief U.S. Economist at Capital Economics, predicted base effects will keep core inflation low in the first few months of 2018.

"Once spring comes around, however, the big declines in components like wireless telephone services prices will drop out of the annual calculation and the core inflation rate will rebound well above 2%," he added.

On Thursday, the Labor Department released a separate report unexpectedly showing a modest decrease in producer prices in the month of December.

The producer price index for final demand edged down by 0.1 percent in December after climbing by 0.4 percent in November. Economists had expected prices to rise by 0.2 percent.

Excluding food and energy prices, core producer prices still dipped by 0.1 percent in December following a 0.3 percent increase in November. Core prices had also been expected to tick up by 0.2 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


UK Household Finance Index Worsens In January (20 min(s), 33 sec(s) ago)
(RTTNews) - British households' current financial pressures intensified at the sharpest pace i ...Full Story»

BRAZIL: Ibovespa Closes At Fresh Record High As Traders Eye The Coming Week (05 hr(s), 51 min(s), 33 sec(s) ago)
(RTTNews) - Ibovespa, the benchmark stock market index in Brazil, rose 0.32% Friday and ended the ...Full Story»

Japan Condominium Sales Data Due On Monday (06 hr(s), 03 min(s), 33 sec(s) ago)
(RTTNews) - Japan will on Monday see December figures for condominium and convenience store sales, ...Full Story»

ARGENTINA: Merval Falls On Profit-taking, But Climbs Higher In The Week (06 hr(s), 22 min(s), 33 sec(s) ago)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, fell 1.31% Friday, closing ...Full Story»

COLOMBIA: Colcap Falls 0.10% Due To Low Trading Volume (06 hr(s), 51 min(s), 33 sec(s) ago)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.11% at 1,546.33 points ...Full Story»

CCR: Company May Bid For Subway Lines In Peru And Colombia (07 hr(s), 50 min(s), 33 sec(s) ago)
(RTTNews) - Brazilian infrastructure firm Companhia de Concessões Rodoviárias (CCR) may take par ...Full Story»

ARGENTINA: President Macri To Travel To Moscow To Meet Putin (08 hr(s), 20 min(s), 33 sec(s) ago)
(RTTNews) - Argentinean President Mauricio Macri is expected to arrive at Moscow on Tuesday for a ...Full Story»

ARGENTINA: U.S. To Eliminate Import Duties To More Than 700 Products (08 hr(s), 26 min(s), 33 sec(s) ago)
(RTTNews) - Argentina will be able to export more than 700 products to the United States with a ze ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

UK Household Finance Index Worsens In January

01/21/2018 - 23:13 PM (RTTNews)
(RTTNews) - British households' current financial pressures intensified at the sharpest pace i ...Full Story>>

BRAZIL: Ibovespa Closes At Fresh Record High As Traders Eye The Coming Week

01/21/2018 - 17:42 PM (RTTNews)
(RTTNews) - Ibovespa, the benchmark stock market index in Brazil, rose 0.32% Friday and ended the ...Full Story>>

Japan Condominium Sales Data Due On Monday

01/21/2018 - 17:30 PM (RTTNews)
(RTTNews) - Japan will on Monday see December figures for condominium and convenience store sales, ...Full Story>>

ARGENTINA: Merval Falls On Profit-taking, But Climbs Higher In The Week

01/21/2018 - 17:11 PM (RTTNews)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, fell 1.31% Friday, closing ...Full Story>>

COLOMBIA: Colcap Falls 0.10% Due To Low Trading Volume

01/21/2018 - 16:42 PM (RTTNews)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.11% at 1,546.33 points ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.