Consumer prices unchanged in Feb., but don't cheer yet
Summary from multiple countries, from articles in English
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The Labor Department said its consumer price index, the most widely used gauge of inflation, was flat last month after rising 0.4% in January. (article 5)
Public expectations of future inflation have reached the highest level on record, according to a survey that will make policymakers reluctant to cut interest rates again without clear evidence that the economy is slowing enough to check demand. (article 2)
The latest inflation rate released by the central bank stands at 20.2 per cent, but people's perception is that the price of consumer goods has risen much higher than the official figure. (article 4)
The Labor Department reported that its closely watched Consumer Price Index posted a gain of 0.4 percent last month, matching the December increase and higher than the 0.3 percent rise that analysts had expected. (article 7)
A jump in food and energy costs, rents and clothing prices led the index higher last month. (article 7)
Australian consumer confidence recorded its sharpest quarterly decline in at least 23 years as higher interest rates and a weaker equity market combined with the threat of a US recession to undermine sentiment. (article 3)
Inflation-adjusted earnings for average workers have fallen 1.2 percent over the last year, the Bureau of Labor Statistics said Wednesday, as higher food and fuel costs have eroded purchasing power. (article 9)
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Other summaries about this story:
Event tracking:
Story keywords
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inflation, prices, rates, percent, Consumer |
Source articles
- Inflation fears could keep interest rates on hold (business.timesonline.co.uk, 03/14/2008, 490 words)
- Inflation expectations reach record levels (ft.com, 03/13/2008, 433 words)
- Australian consumers growing gloomier (ft.com, 03/12/2008, 412 words)
- Iranians focus on inflation woes (ft.com, 03/12/2008, 350 words)
- Consumer prices unchanged in Feb., but don't cheer yet (USA Today, 03/14/2008, 460 words)
- Consumer Prices Moderated Last Month (Washington Post, 03/14/2008, 686 words)
- Cost of gas, groceries and medical care jump... (suntimes.com, 03/12/2008, 448 words)
- Inflation-adjusted consumer spending turns in weak... (suntimes.com, 03/12/2008, 442 words)
- Worker earnings fall as food, fuel costs rise... (suntimes.com, 03/12/2008, 280 words)
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