Webmaster Forum

Go Back   Webmaster Forum > The Webmaster Forums > Forum Lobby > Controversial Social Issues

Controversial Social Issues Discussions concerning controversial social issues. Topics include politics, religion, culture, social and economic issues, etc. Respect required at all times.


Reply
 
Thread Tools Display Modes
Share |
  #1  
Old 11-18-2009, 08:42 AM
Franc Tireur Franc Tireur is offline
Contributing Member
 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
Rising fuel prices hit consumers

The government's key inflation measure came in higher than expected due to a 6.3% jump in oil and gas prices.

Consumer prices in October were essentially unchanged from a year ago, the government reported Wednesday, as the rising cost of oil and gas offset earlier price declines.

The Consumer Price Index, the government's key inflation reading, is now down only 0.2% during the past 12 months compared to the same period a year ago. This is the smallest 12-month rate of decline since February.

The so-called core CPI, which is more closely watched by economists because it strips out volatile food and energy prices, is up 1.7% over the past year.

For the month, overall prices rose 0.3%. Economists surveyed by Briefing.com had forecast a 0.2% rise.

The core CPI rose just 0.2% in the month, but that was higher than the forecast of a 0.1% increase.

A 6.3% rise in fuel prices in the month helped feed the overall monthly increase. The prices of other forms of energy increased in October as well, with electricity costs up 0.6% and natural gas prices rising 1.9%.

Still, overall energy prices are 14% below where they were in October of 2008. The price of oil fell sharply last fall in the wake of the financial crisis and the resulting cut in global demand. But with oil prices on the rise again, future consumer price reports will likely show increases in energy prices over the previous 12 months.

http://money.cnn.com/2009/11/18/news...ober/index.htm
 
Reply With Quote

Advertisement

Advertisement

Go Back   Webmaster Forum > The Webmaster Forums > Forum Lobby > Controversial Social Issues

Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Consumers: Current economy at 26-year low Franc Tireur Controversial Social Issues 0 10-27-2009 10:32 AM
Consumers won't bail out economy Franc Tireur Controversial Social Issues 0 09-09-2009 03:05 PM
Fed: consumers cut debt by record $21.6B in July Franc Tireur Controversial Social Issues 0 09-08-2009 02:34 PM
Fuel Prices Hike info4beingrich Forum Lobby 13 06-09-2008 11:10 PM
Why Educated Consumers are Better Customers notepage Marketing Forum 0 12-06-2005 07:28 AM


V7N Network
Get exposure! V7N I Love Photography V7N SEO Blog V7N Directory


All times are GMT -7. The time now is 08:04 PM.
Powered by vBulletin
Copyright 2000-2014 Jelsoft Enterprises Limited.
Copyright © 2003 - 2018 VIX-WomensForum LLC