tagged w/ Consumer Price Index
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As the consumer pricing index continues to fall, the State of Colorado will become the first state since 1938 to lower it's minimum wage.As the consumer pricing index continues to fall, the State of Colorado will become the... more
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Consumer prices were flat in July as energy costs retreated following a big surge in June. Over the past 12 months, prices dropped the most in nearly six decades as the recession and lower energy costs kept a lid on inflation.Consumer prices were flat in July as energy costs retreated following a big surge in... more
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Consumer prices rose by the most in six months in January, propelled by higher energy costs. But over the past year inflation has been flat, the lowest reading in more than a half-century.Consumer prices rose by the most in six months in January, propelled by higher energy... more
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Consumer prices plunged by the largest amount in the past 61 years in October as gasoline pump prices dropped by a record amount.Consumer prices plunged by the largest amount in the past 61 years in October as... more
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Worries over a global recession have pushed the price of oil to its lowest in over a year. Don't expect the same for a bottle of beer, a tube of toothpaste, or a box of cereal.
You can blame "sticky" prices.
That's what analysts call it when companies slap higher prices on products and keep them there even though the rationale for the price hikes - such as soaring oil prices - is gone.
The falling cost of oil could help companies pad their profit margins as they pay less to make and transport goods. But it won't mean a break on the average grocery bill.
The price of consumer goods typically lags behind the price of key inputs like oil and wheat, said Chris Lafakis, an economist with Moody's economy.com.Worries over a global recession have pushed the price of oil to its lowest in over a... more
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