The Labor Department said that the Consumer Price Index rose 0.5 percent in March, matching a 0.5 percent rise in February. Gasoline and food prices accounted for almost three-quarters of the increase, but outside of those two areas, prices remained subdued. In the last 12 months, the index has increased 2.7 percent.
The core index, which excludes food and energy, rose 0.1 percent in March, compared with a 0.2 percent rise in February. The core index rose 1.2 percent in the last 12 months.
With the rise in food prices and gasoline now averaging $3.82 for a gallon of regular unleaded, inflationary pressures are likely to continue to affect household budgets in the short term, economists said. “So if you don’t eat or drive a car, you are feeling little inflation,” the chief economist for PNC Financial Services, Stuart Hoffman, said."
Wow, who can live without eating or driving a car or truck? We are all feeling inflation!Here's another bit of news:
"Gasoline jumped 5.6 percent last month and has risen nearly 28 percent in the past year. Consumers paid an average price of $3.81 a gallon nationwide on Friday according to the travel group AAA.
Food prices rose 0.8 percent last month, the largest increase in almost three years. Prices for fruits and vegetables, dairy products, chicken and beef all increased. Coffee costs rose 3.5 percent.
Manufacturers, food processors and other producers are facing higher costs for oil, grains and other commodities..."
http://finance.yahoo.com/news/Food-and-gas-costs-push-apf-3561812738.html?x=0&sec=topStories&pos=1&asset=&ccode=
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You don't have to feel helpless. Allow us to show you a way out of all this financial chaos.
Call us today. 501-802-2440
Stephen
www.slashfoodbills.com
