Friday, 21 September 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Consumer inflation less threatening in February, CPI shows
Tuesday, 13 March 2018 19:44 WIB | UNITED STATES |CPI Amerika

The consumer price index rose a mild 0.2% in February after a worrisome 0.5% increase in the first month of the year. The cost of housing rose and the price of clothes and auto insurance posted surprisingly large gains for the second month in a row.

Economists surveyed by MarketWatch had forecast a 0.2% advance.

The increase in the CPI over the past 12 months edged up to 2.2% from 2.1%.

After stripping out gas and food, the more closely followed core rate of inflation also rose 0.2% last month. The 12-month rate of core inflation was unchanged at 1.8% for the third month in a row.

Inflation-adjusted U.S. hourly wages were flat in February. They™ve risen just 0.4% in the past year.

The rise in the cost of living last month was largely the result of higher rent and home prices.

Auto insurance was another big expense. The cost jumped 1.7% in February after a 1.3% move in the prior month.

The cost of clothes rose 1.5%, meanwhile, to follow up a 1.7% spike in January, a surprising turn after months of flat or declining prices.

Economists had expected auto insurance and apparel prices to level off.

Helping to keep inflation in check was a 0.5% drop in the cost of new cars and trucks, the biggest decline since 2009. Prices for telecommunications service such as wireless also fell sharply.

The cost of food was unchanged and energy prices rose just 0.1%.

Source: Marketwatch

RELATED NEWS
Construction spending ticks up in July, led by public sector...
Tuesday, 4 September 2018 21:25 WIB

Belanja konstruksi 0,1% lebih tinggi pada bulan Juli dibandingkan Juni, dipimpin oleh sektor publik, Departemen Perdagangan mengatakan Selasa. Pengeluaran pada bulan Juli 5,8% lebih tinggi dari tahun ...

Second quarter was even stronger than it first looked: GDP raised to 4.2% from 4.1%...
Wednesday, 29 August 2018 19:48 WIB

Ekonomi AS melonjak bahkan lebih kuat di musim semi dari yang semula dilaporkan berkat belanja pemerintah yang lebih tinggi dan investasi bisnis. Dan perusahaan menguangkan dalam skala besar. Produk ...

ISM services index in July falls to 11-month low...
Friday, 3 August 2018 21:23 WIB

Institute for Supply Management mengatakan hari Jumat bahwa indeks non-manufaktur jatuh ke 55,7% pada bulan Juli, posisi terendah 11 bulan, dari 59,1%. Ekonom yang disurvei oleh MarketWatch memperkir...

ISM manufacturing index falls to 58.1% in July from 60.2%...
Wednesday, 1 August 2018 21:25 WIB

Produsen Amerika tumbuh agak kurang cepat pada bulan Juli, tertahan oleh kekurangan tenaga kerja terampil, biaya yang lebih tinggi untuk bahan baku seiring tarif perdagangan dan kesulitan mendapatkan ...

U.S. companies create 219,000 new jobs in July, ADP says...
Wednesday, 1 August 2018 19:39 WIB

Perusahaan-perusahaan di sektor swasta menambahkan 219.000 karyawan baru ke daftar gaji mereka pada bulan Juli, menunjukkan bahwa perusahaan-perusahaan berusaha untuk mengisi jumlah lowongan pekerjaan...

POPULAR NEWS
Gold Extends Run Above $1,200; Palladium Gains

Gold futures gained Wednesday, leaving the...

Gold futures mark highest settlement this month to date

Gold saw prices edge higher, building on a rise...

China To Retaliate US with Tariffs on $60 billion of American Products

China says it has no choice but to retaliate to...

LATEST NEWS
Hong Kong stocks open sharply higher

Hong Kong stocks got off to a booming start on Friday, tracking a record performance on Wall Street and extending this week's rally on hopes China and the US will eventually resolve their trade dispute. The Hang Seng Index rose 0.85 percent, or...

Dollar struggles near two-month lows, yen sags on receding risk aversion

The dollar struggled near two-month lows, while the yen also sagged on Friday on reduced safe haven demand amid a switch in investors™ view that the Sino-U.S. trade conflict would be less damaging to global growth than initially feared. The...

Oil Set for Weekly Gain as Saudis Signal Ease With Higher Prices

Brent crude is poised for a second weekly gain even as U.S. President Donald Trump renewed pressure on OPEC to boost output after Saudi Arabia signaled its comfort with higher prices. Brent for November settlement traded at $78.73 a barrel on...