Inflation Rate Slowed Sharply In 2012; Prices Were Flat In December | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Inflation Rate Slowed Sharply In 2012; Prices Were Flat In December

Consumer prices rose just 1.7 percent in 2012, the Bureau of Labor Statistics reports. That's about half the pace of 2011 — when prices went up 3 percent.

In December, BLS says, prices were unchanged.

One major reason inflation slowed last year: Gas prices went up just 1.7 percent, after gains of 13.8 percent in 2010 and 9.9 percent in 2011. Also, food costs rose 1.8 percent. BLS says that was "a deceleration" from the 4.7 percent increase in 2011.

As Reuters writes, the news that inflation remains in check "should help give the Federal Reserve room to prop up the economy by staying on its ultra-easy monetary policy path." In other words, there's no reason to think the Fed will need to start pushing up short-term interest rates anytime soon.

Copyright 2013 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Yule Have To Try This Gingerbread Buche De Noel

In Paris, holiday buche de Noel cakes verge on art. Cookbook author Dorie Greenspan has created her own Franco-American version that's fun to make and "just as good as birthday cake," she says.
NPR

Yule Have To Try This Gingerbread Buche De Noel

In Paris, holiday buche de Noel cakes verge on art. Cookbook author Dorie Greenspan has created her own Franco-American version that's fun to make and "just as good as birthday cake," she says.
WAMU 88.5

Gray Expected To Wrap Up Tenure As Mayor By Signing Pair Of Bills

The term for Mayor Vincent Gray wraps up Jan. 2, and he's expected to sign some legislation into law before his time is up.

NPR

An 'Erasable Internet' Could Be Welcome In A Hackable World

With our digital lives just a hack away from being released in the world, do we really want to store all our information in perpetuity? That's the question raised by New York Times technology columnist Farhad Manjoo.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.