Cost of Living: Consumer prices climb in May - WALB.com, South Georgia News, Weather, Sports

Cost of Living: Consumer prices climb in May

MARTIN CRUTSINGER, AP Economics Writer  

WASHINGTON (AP) - U.S. consumer prices increased in May by the largest amount in more than a year, as the cost of food and gasoline showed big gains and airline fares jumped by the largest amount in 15 years.  

The Labor Department says its consumer price index rose 0.4 percent in May, the biggest one-month jump since a 0.6 percent increase in February 2013.  

Over the past 12 months, consumer prices are up 2.1 percent. While that was the biggest 12-month price change since October 2012, it still left prices rising at a modest pace near the Federal Reserve's 2 percent target.

  Excluding volatile food and energy, core inflation was up 0.3 percent in May, the biggest one-month gain since August 2011. Over the past 12 months, core prices are up 2 percent.

 

  (Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • 'Nature's Nasties' intrigue budding animal scientists

    'Nature's Nasties' intrigue budding animal scientists

    Tuesday, July 25 2017 2:53 PM EDT2017-07-25 18:53:37 GMT
    (Source: WALB)(Source: WALB)

    If throwing slimy worms or digging rhino dung sounds like a good time to you, then 'Nature's Nasties' is a camp for you! 

    More >>

    If throwing slimy worms or digging rhino dung sounds like a good time to you, then 'Nature's Nasties' is a camp for you! 

    More >>
  • Sen. Perdue: Dems issue 'misinformation' on Obamacare

    Sen. Perdue: Dems issue 'misinformation' on Obamacare

    Tuesday, July 25 2017 1:42 PM EDT2017-07-25 17:42:33 GMT
    Senator David Perdue (Sen. Perdue's Office)Senator David Perdue (Sen. Perdue's Office)

    Georgia's junior U.S. Senator, David Perdue, spoke at 11:00 Monday night, after presiding over the Senate floor, to "combat [the] Democrat’s continued stream of misinformation on the damaging effects of Obamacare."

    More >>

    Georgia's junior U.S. Senator, David Perdue, spoke at 11:00 Monday night, after presiding over the Senate floor, to "combat [the] Democrat’s continued stream of misinformation on the damaging effects of Obamacare."

    More >>
  • How to cut down on your power bill

    How to cut down on your power bill

    Tuesday, July 25 2017 11:11 AM EDT2017-07-25 15:11:58 GMT
    The power company says customers usually see their highest bills during the summer months (Source: WALB)The power company says customers usually see their highest bills during the summer months (Source: WALB)

    If you were shocked the last time you opened your power bill, Georgia Power has good news for you. The power company says its customers usually see their highest bills during this time of year, but there are ways to save on energy. 

    More >>

    If you were shocked the last time you opened your power bill, Georgia Power has good news for you. The power company says its customers usually see their highest bills during this time of year, but there are ways to save on energy. 

    More >>
Powered by Frankly