A surge in prices at the pump fueled inflation in June.
Jonathan Fickies /Landov
July 12, 2013 A surge in the cost of gasoline fueled a sharp increase in wholesale prices last month. Meanwhile, Bloomberg News is reporting that former Treasury Secretary Lawrence Summers wants to be the next chairman of the Federal Reserve.
April 12, 2013 The good news: Inflation remains in check. The bad news: Consumers were less willing to spend last month.
Handles on a gas pump in Brooklyn.
Jonathan Fickies /Landov
March 15, 2013 Prices rose overall by 0.7 percent. The major factor: a 9.1 percent surge in gasoline. Since February, though, gas prices have retreated. So economists do not think the latest report changes the inflation picture.
Gasoline prices at a station in Encinitas, Calif., earlier this week.
Mike Blake/Reuters /Landov
February 21, 2013 Consumer prices were flat in January. But since then, gas prices have risen sharply. So upcoming inflation reports may not be as positive.
The cost of a gallon of gas kept rising last year, but not at the torrid pace of 2010 and 2011. That helped keep inflation in check.
Joe Raedle/Getty Images
January 16, 2013 Consumer prices rose just 1.7 percent in 2012, the Bureau of Labor Statistics reports. That's about half the pace of 2011 — when prices went up 3 percent. A sharp slowing in the increase of gas prices was a major factor. The news means interest rates will likely stay low.
Shoppers in Manhattan on Christmas Eve last month.
Keith Bedford /Reuters /Landov
January 15, 2013 Consumers were still in a spending mood in December, even as lawmakers battled over the budget. Meanwhile, wholesale prices fell slightly. Those are both good signs for the economy.
Sign of the times: Markdowns at a discount clothing store in New York City last month. Such stiff competition for consumers' dollars is helping to keep inflation in check.
Spencer Platt/Getty Images
December 14, 2012 The inflation rate, which spiked in August and September when gas prices rose sharply, now appears to have slowed again. That should let the Federal Reserve keep up its efforts to give the economy a boost.
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The line was long last week at a job fair in Chicago.
Scott Olson/Getty Images
November 15, 2012 The storm threw some people onto unemployment rolls and shut down some state offices the previous week — meaning some laid-off workers couldn't file their claims until last week.
September 5, 2012 Why inflation is still low, even as the price of some commodities is rising.
August 15, 2012 "When prices go up, they notice it. When prices go down, they don't care."
August 15, 2012 A sluggish economy has kept prices from rising. But a recent uptick in the price of gasoline and the effects of this summer's drought on food costs could put some upward pressure on inflation in coming months.
August 14, 2012 The gain could be a sign that consumers are growing more confident.
June 13, 2012 Wholesale prices fell 1 percent in May from April thanks to an 8.9 percent plunge in the price of gasoline.
May 15, 2012 Dropping gas prices helped hold inflation down. Meanwhile, April consumer spending may have been slowed because warm weather in March encouraged folks to get out their wallets then.
April 13, 2012 The news that consumer prices rose a relatively modest 0.3 percent in March from February supports "the view the U.S. Federal Reserve has room to provide more support for the economy if needed," Reuters concludes.
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