low inflation

Falling Food, Gas Costs Push U.S. Wholesale Prices Lower Again

U.S. wholesale prices fell for the third month in a row in December, propelled by falling food and gas costs. The drop is the latest evidence inflation is tame, which means consumers have more money to spend. Low inflation also gives the Federal Reserve more freedom to keep interest rates low.

CPI Up 0.1% as Rent and Food Costs Rise, Gas Prices Fall

Rising food costs and higher rents offset a drop in gas prices last month, leaving consumer inflation all but flat in October. The consumer price index rose a seasonally adjusted 0.1 percent, after sharp 0.6 percent gains in the previous two months driven by a spike in gas prices that has since receded.

Social Security Benefits to Rise by 1.7% on Low Inflation

More than 56 million Social Security recipients will see their monthly payments go up by 1.7% next year, one of the smallest increases since automatic adjustments were adopted in 1975. The cost-of-living adjustment is linked to inflation, which has been relatively low over the past year.

Higher Gas Costs in August Push Consumer Price Index Higher

More expensive gas drove up consumer prices in August by the most in three years. But outside of energy costs, inflation was tame. The CPI rose a seasonally adjusted 0.6% last month, the first increase since March and higher gas prices accounted for 80% of the increase.