U.S. Consumer Prices Flat As Gas Costs Fall

By: Associated Press
By: Associated Press

Stay up-to-date with KAKE News:

Tuesday, May 15, 2012

U.S. consumer prices were flat last month as cheaper gas offset modest increases for food, clothing and housing. The data indicate that inflation remains in check.

The Labor Department says the seasonally adjusted consumer price index was unchanged in April, after a 0.3 percent gain in March. Excluding volatile food and gas costs, so-called "core" prices rose 0.2 percent. That was the same as in March.

Over the past 12 months, prices have risen 2.3 percent, the smallest increase in more than a year. Core prices have also risen 2.3 percent in the past year, close to the Federal Reserve's inflation target of 2 percent.

Gas prices fell 2.6 percent in April, the biggest decline in six months. Food prices and housing costs both ticked up 0.2 percent.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 151525415 - kake.com/a?a=151525415
Gray Television, Inc.