Royal Institute for Traditional Arts launches training on Al-Qatt Al-Asiri art    Nearly 2 million worshippers prayed in Rawdah at Prophet's Mosque during Hajj 1446    Saudi Arabia expands tech talent schools to five regions for 2025    Aubameyang exits Al Qadsiah as club turns to youth with Retegui signing    France withdraws troops from Senegal, ending military presence in West Africa    Germany's Merz and UK's Starmer sign 'first of its kind' defense and migration treaty    Norway leads Europe's best airports list    Syrian forces leave Sweida after ceasefire with Druze militias goes into effect    Main stage at Belgium's Tomorrowland music festival completely destroyed by fire    Sports vehicles can have now short number plates    Saudi Arabia draw Iraq and Indonesia in 2026 World Cup Asian play-off group    Saudi conjoined twins Yara and Lara successfully separated in 12.5-hour surgery    Babies made using three people's DNA are born free of hereditary disease    'Art of the Kingdom' exhibition to open in Beijing's National Museum on July 30    Saudi minister holds strategic AI and tech talks with French institutions in Paris    ASICS and Saudi Sports for All launch startup pitch to boost sports innovation in Saudi Arabia    Youth-led Saudi businesses exceed 474K    Scientists recover proteins from a 24 million-year-old rhino fossil    Jorge Jesus returns to Saudi Arabia as Al Nassr head coach on one-year deal    Jannik Sinner beats Carlos Alcaraz to win his maiden Wimbledon title    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



U.S. Consumer Prices Rebound Modestly
Published in Saudi Press Agency on 10 - 05 - 2018

U.S. consumer prices increased modestly in April, lifted by higher gasoline costs, the government reported Thursday, signaling that broader inflation pressures remain tame.
The Labor Department said its consumer price index (CPI) rose 0.2 percent last month as higher costs for gasoline and rental accommodations were partially offset by a slowing of healthcare price gains. The CPI fell 0.1 percent in March.
In the 12 months through April, the CPI increased 2.5 percent, the biggest gain in 14 months. Inflation has increased steadily since last summer, when it rose just 1.6 percent in June from a year earlier.
Last month, gasoline prices rebounded 3 percent after dropping 4.9 percent in March. Further increases are likely after crude-oil prices jumped to more than three-year highs Wednesday following President Donald Trump's decision a day earlier to withdraw the United States from a multilateral nuclear pact with Iran.
Food prices rose 0.3 percent in April, the biggest increase in a year, after advancing 0.1 percent in March. Rental-accommodation costs increased 0.3 percent last month.
Excluding volatile energy and food costs, core CPI rose only 0.1 percent in April and 2.1 percent from a year earlier.
Slower growth in core prices than the overall CPI may mean the Federal Reserve (Fed) will be less likely to accelerate interest-rate increases. The U.S. central bank has signaled it will lift rates twice more this year, but some observers expect that higher inflation or economic growth might prompt the Fed to add a third rate increase.
The Fed's preferred inflation gauge that is tied to the consumer-prices report—personal consumption expenditures (PCE) price index excluding food and energy—accelerated 1.9 percent in the 12 months through March, nearing the central bank's 2-percent target.
Inflation fears on Wall Street have intensified in recent months with the unemployment rate sinking to a more than 17-year low of 3.9 percent and continued strong hiring expected to eventually lift wages, which would cause businesses to increase prices to offset their own rising costs.


Clic here to read the story from its source.