June Consumer Prices Record Largest Drop In A Year

June consumer prices record largest drop in a year

WASHINGTON (Reuters) - Consumer prices fell slightly more than expected in June to post their biggest drop in a year on weak gasoline costs, government data showed on Friday, pointing to a cooling in commodity-driven inflation pressures.

Sections:  news   business   
Topics:  2011   commodity   consumer prices   economy   energy   gas   gas prices   good news   inflation   june   
RELATED ARTICLES
  • Real 'Fault in Our Stars' couple reunited by hope
    Katie and Dalton Prager, a young couple who both have cystic fibrosis, celebrated happy news when they reunited Tuesday afternoon after nearly five months apart: Katie is on her way to getting a lifesaving lung transplant. More
  • US home sales rebound slightly in February
    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Obama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
BING NEWS:
  • Consumer prices up 0.2 percent in October, 2.6 percent over past year
    Consumer prices rose 0.2 percent in October and 2.6 percent over the previous 12 months as inflation slowly but surely returns to pre-pandemic norms, according to new Labor Department data ...
    11/12/2024 - 11:31 pm | View Link
  • Online groceries mark first drop in food prices since 2020
    Online grocery prices dropped 0.1 percent month-to-month in October, and posted a 0.1 percent drop from a year ago, according to the Adobe Digital Price Index.
    11/12/2024 - 12:31 pm | View Link
  • US Online Food Prices Post First Year-on-Year Drop Since Covid
    Online grocery prices declined in October from a year earlier, the first such drop since the arrival of Covid more than four years ago.
    11/12/2024 - 12:00 am | View Link
  • China consumer prices rise at slowest pace in 4 months, despite stimulus
    China's consumer prices rose at the slowest pace in four months in October while producer price deflation deepened, data showed on Saturday, even as Beijing doubled down on stimulus to support the ...
    11/10/2024 - 10:47 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News