Login or signup
36
PRICING

Consumer Prices Steady
 

Cheaper energy prices kept inflation in check last month, the government reports.
Advertisement

For the first time in five months, consumer prices held steady in February, led by cheaper energy prices, the Labor Department reported Friday.

Excluding food and energy prices, which dropped by 0.5 percent, so-called core consumer prices were unchanged after rising by 0.3 percent in January.

While cheaper prices were reported for clothing and transportation, prices for housing, medical care and recreation continued to inch up.

Despite the declines, consumer prices were four percent higher than a year ago.

According to the National Federation of Independent Business, small-business owners are planning to boost spending in the months ahead, despite record-lows in revenue and earnings growth.

"Clearly, the economy is weak compared to six months ago," William Dunkelberg, the Washington-based lobby groups chief economist, said in a statement.

Last updated: Mar 14, 2008




Register on Inc.com today to get full access to:
All articles  |  Magazine archives | Comment and share features
EMAIL
PASSWORD
EMAIL
FIRST NAME
LAST NAME
EMAIL
PASSWORD

Or sign up using: