U.S. consumer prices rise slightly in October WA
Post# of 102233
Posted On: 11/15/2012 8:38:24 AM
U.S. consumer prices rise slightly in October
WASHINGTON (MarketWatch) - U.S. consumer prices rose 0.1% in October, as higher food and shelter prices offset a decline in energy costs, the Labor Department said Thursday. So-called core prices rose a seasonally adjusted 0.2%. The core figure strips out volatile food and energy costs. Economists surveyed by MarketWatch had forecast a 0.1% increase in the main CPI and a 0.1% advance in the core rate. Consumer prices have risen an unadjusted 2.2% over the past 12 months, up from 2% in the prior month. Core CPI was unchanged at 2% on a year-over-year basis. Inflation-adjusted hourly wages, meanwhile, fell by 0.2% in October. Real wages are down 0.7 % over the past 12 months.
WASHINGTON (MarketWatch) - U.S. consumer prices rose 0.1% in October, as higher food and shelter prices offset a decline in energy costs, the Labor Department said Thursday. So-called core prices rose a seasonally adjusted 0.2%. The core figure strips out volatile food and energy costs. Economists surveyed by MarketWatch had forecast a 0.1% increase in the main CPI and a 0.1% advance in the core rate. Consumer prices have risen an unadjusted 2.2% over the past 12 months, up from 2% in the prior month. Core CPI was unchanged at 2% on a year-over-year basis. Inflation-adjusted hourly wages, meanwhile, fell by 0.2% in October. Real wages are down 0.7 % over the past 12 months.
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