Consumer prices rise 5% in year
Summary from United States, from articles in English
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WASHINGTON - US consumer prices surged 5 percent in the past year, the biggest jump since 1991, just when households struggled with falling home values and the credit crunch. (article 2)
Separate figures showed industrial production rose more than estimated because of the end of a strike at American Axle & Manufacturing Holdings Inc. and increased electricity output. (article 2)
NEW YORK The stock market notched its best gain in 3 1/2 months Wednesday as a second straight day of falling oil prices led Wall Street to shake off troubling new data on inflation. (article 1)
WASHINGTON - The price of a quart of milk, a plane ticket and a host of other products rose in June at nearly the fastest pace in a generation, taking an even bigger-than-expected bite out of the buying power of Americans. (article 4)
In the latest shock wave to hit the economy, consumer prices rose 1.1 percent in June from the month before, far faster than the expected rate of 0.7 percent and almost double the reading from May, the Labor Department said Wednesday. (article 4)
The only time in the past quarter-century that monthly inflation has been that high was in September 2005, when prices jumped 1.3 percent, mostly because Hurricane Katrina shut down oil refineries and energy prices spiked. (article 4)
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Other stories about percent, investors and market:
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percent, investors, market, Prices, rose |
Source articles
- Stocks soar on drop in oil, Wells Fargo report (L.A. Times, 07/17/2008, 595 words)
- Consumer prices rise 5% in year (boston.com, 07/17/2008, 372 words)
- Gas gooses cost of nearly everything else :: CHICAGO SUN-TIMES :: Business (suntimes.com, 07/17/2008, 292 words)
- WASHINGTON - The price of a quart of milk, a plane... (baltimoresun.com, 07/17/2008, 772 words)
- RETIREES TO GET NICE RAISE FROM SOARING INFLATION (NY Post, 07/17/2008, 434 words)
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