Entries in Consumer Price Index (2)


Consumer Prices Up 0.2% in January

Jupiterimages/Pixland/Thinkstock(WASHINGTON) -- There's more bad news for your wallet. Consumer prices rose by 0.2 percent in January after falling flat the month before, the Labor Department reported Friday.

Albeit small, the increase was the biggest since September 2011, when the Consumer Price Index shot up by 0.3 percent.

Last month's spike saw the costs of food, gas, clothing and medical care jump in an already shaky enonomy.

Over the last 12 months, the Labor Department said, prices have gone up by 2.9 percent.

Copyright 2012 ABC News Radio


Consumer Prices Rise Amid High Gas Prices

Jupiterimages/Thinkstock(WASHINGTON) -- Inflation is at its highest level in two-and-a-half years, mainly due to higher gas prices last month, according to the latest report released Friday by the Labor Department.

The government said the Consumer Price Index went up 3.2 percent in the last 12 months, marking the highest increase since October of 2008.  In April alone, prices went up 0.4 percent.

Much of the increase is accredited to soaring gas prices, which rose 3.3 percent in April.  Gas now costs 33.1 percent more than it did just a year ago.

Copyright 2011 ABC News Radio

ABC News Radio