60°
Baton Rouge, Louisiana
3 Day Outlook
Tue
82°
62°
20%
Wed
83°
65°
10%
Thu
84°
68°
60%

Latest Weather Blog

Follow our weather team on social media

More expensive gas pushes US consumer prices up

2 years ago Tuesday, October 16, 2012 8:31:19 AM CDT October 16, 2012 Tuesday, October 16 2012 Oct 16, 2012 in News
Source: Associated Press

WASHINGTON - Higher gas costs drove up U.S. consumer prices in September for the second straight month. But outside energy, there was little sign of inflation.

The Labor Department says the consumer price index rose a seasonally adjusted 0.6 percent in September, matching the August increase. In the past 12 months, prices have increased 2 percent. That's in line with the Federal Reserve's inflation target.

Food prices rose only 0.1 percent. The cost of meat, chicken and eggs fell. Dairy prices rose.

Excluding volatile food and energy costs, prices rose just 0.1 percent. In the past year, so-called core prices have increased 2 percent.

Modest inflation leaves consumers with more money to spend, which can boost growth. It also allows the Federal Reserve to continue with its efforts to rekindle the economy.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
Partly Cloudy
83°
60°
Tue
Partly Cloudy
82°
62°
Wed
Mostly Cloudy
83°
65°
Thu
T-Showers
84°
68°
Fri
Partly Cloudy
88°
63°