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U.S. inflation inches up 0.2%

Published on February 20, 2002
Ottawa Business Journal
Published on January 23, 2011

U.S. inflation rose a marginal 0.2 per cent in January, lifted by higher prices for

Topics :
U.S. Labor Department , U.S.

gasoline, fruits and vegetables, the U.S. Labor Department reported Wednesday.

The January rise in the consumer price index followed a decline of 0.1 per cent in

December. Wednesday's index was in line with analysts' expectations.

Gasoline prices rose 2.7 per cent in January, the biggest one-month increase

since September. Natural gas prices were also 1.2 per cent higher, helping to

send the overall energy price index up by a hefty 0.9 per cent.

Vegetables were 4.1 per cent more expensive, their largest price increase in nearly

a year, while fruit prices rose three per cent, the biggest hike since July 2000.

Prices for clothing fell 0.7 per cent as the retail sector continued to offer deep

discounts in an effort to encourage shoppers.

New car prices fell 0.6 per cent -- the largest drop in 15 years -- as dealers tried to

get recession-wary consumers to spend on the big-ticket items.

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