Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
Food feeds cost-of-living increase
WASHINGTON (5/16/14)--­The volatile costs of food and gas in April spiked the consumer price index to its largest gain since June, according to the Bureau of Labor Statistics.
 
The seasonally adjusted 0.3% increase was the sixth such consecutive move by the index, which measures purchases in eight categories--food and beverages, housing, apparel, transportation, medical care, recreation, education and communication, and other goods and services.
 
A 2.9% hike in the price of beef--the largest cut into consumer budgets since 2003--led the way in food and beverage prices, which saw a 0.4% increase from the month prior. This is the third month that the food index has risen. "The surge in farm prices was a big contributor to producer prices in the last two months," said analysts at Moody's ( Economy.com May 15).
 
In April, energy prices ticked up 0.3%, led by a 2.3% increase in the cost of gasoline.
 
Excluding food and energy, core consumer prices increased 0.2% from March and 1.8% year-over-year.
 
With April payroll levels remaining static, real inflation-adjusted hourly wages decreased 0.3%--the biggest decline in 14 months. The combination of rising prices and stagnant wages is making it harder for consumers to make ends meet ( MarketWatch May 15).


RSS





print
News Now LiveWire
Record # of applicants for Crash the GAC means every state & D.C. will B represented by young #CU professional at #CUNAGAC #crashthegac15
53 minutes ago
.@WOCCU and @CUNA are co-hosting 2015 America’s CU Conference July 12-15 in Denver. Registration is open here: http://t.co/FanFeaO0bC
1 hour ago
Recording of @CUNA Jan. 26 #rbc2 webinar is now available online here: http://t.co/jgxkd65Fj0 Just sign in and listen.
1 hour ago
.@SEC_News 2/19 proxy voting roundtable: contested director elections, increasing retail shareholder participation http://t.co/8k0p6ZvNL8
1 hour ago
.@TheNCUA posted resources 2 help consumers protect themselves,take action if they believe they were ID theft victims:http://t.co/HVaikbuT9H
3 hours ago