Overcapacity in the economy and commodity-price inflation seem to be the guiding forces behind Friday's consumer price report from the Bureau of Labor Statistics, as CPI gained 0.5% almost exclusively due to higher energy prices.
The cot of producing goods fell in December, according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics on Wednesday.
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In the 1950s, needing the price of onions to rise, he bribed the weather bureau to issue a frost warning.
Figures from the U.S. Bureau of Labor Statistics show that the Consumer Price Index stood at 2.9% at the end of September, net of the volatile food and energy markets.
Since 1990, clothing prices in the U.S. have risen just 10% compared with an 82% jump in food prices during the same period, according to Jessica Tenvose, an economist with the U.S. Bureau of Labor Statistics, which compiles the Consumer Price Index.
The National Bureau of Statistics announced that the consumer price index increased 3.3% last year.
Just a few hours earlier, the National Bureau of Statistics reported that the Consumer Price Index (CPI) had increased 5.5% in May.
The price of pork, a staple food in China, soared by nearly 57% last month, the National Bureau of Statistics reported.
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Inflation as measured by the consumer price index reached 3.3% last month compared with 2.9% in June, the National Bureau of Statistics said.
The National Bureau of Statistics in China reported on Nov. 4 that the average price of everything from rice to soybeans is either unchanged from the previous month, or lower.
Prices jumped to a higher-than-expected 1.4% in May and core producer prices, which exclude volatile food and energy prices, increased by 0.2%, according to the U.S. Department of Labor's Bureau of Labor Statistics' Producer Price Index.
The National Bureau of Statistics (NBS) said Sunday that 35 out of 70 cities monitored saw price increases last month compared with 31 cities in September.
Meanwhile, consumers have beaten back price increases at retail, as the seasonally adjusted Consumer Price Index for apparel fell in September from August, the first monthly decline in six months, according to the Bureau of Labor Statistics data released Thursday.
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