Energy Costs | featured news

Producer prices rose by the most in three years in August as energy costs surged, but underlying inflation pressures remained contained, keeping the door open to a further easing of monetary policy.

As summer beckons, it seems Americans are thinking more about the stifling cost of energy than about making tracks to the beach....

Consumer prices were flat in July as energy costs retreated following a big surge in June. Over the past 12 months, prices dropped the most in nearly six decades as the recession and lower energy costs kept a lid on inflation.

The docile inflation performance reflected a second monthly drop in energy costs and a third consecutive decline in food prices.