Workers' earnings adjusted for inflation declined 0.2 percent in July [View All]

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July Inflation Jumps on Higher Gas Prices

WASHINGTON - Consumer prices shot up in July, reflecting higher prices for gasoline and other energy products while output at the nations' factories, mines and utilities slowed sharply.<snip>
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ALSO:CPI up 3.2 percent for the 12 months ended in July with Core prices up 2.1 percent year over year. Economists expected a 0.4 percent monthly increase. The cost of all goods(excludes services)increased 0.6 percent last month and are 3.2% higher than in July 2004 http://quote.bloomberg.com/apps/news?pid=10000006&sid=aQnXBRjrVDSc&refer=home

U.S. July Consumer Prices Rise 0.5%; Core Rises 0.1%. .

<snip>Workers' earnings adjusted for inflation declined 0.2 percent in July, the fourth drop in the last six months, after a 0.3 percent rise in June, the Labor Department said in a separate release. The June decrease suggests consumers have less spending power. <snip>

So far this year, consumer prices are rising at a 3.5 percent annual rate compared with a 3.9 percent increase at the same time last year. Core prices are rising at a 2.2 percent annual pace, down from a 2.3 percent rate in the first 7 months of 2004.
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Consumer prices are expected to rise 2.9 percent in 2005, up from a forecast last month of 2.7 percent, according to the same survey. That compares with a 3.3 percent increase last year, the most since 2000. <snip>