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

For Wintry Weather, An Especially Cold And Snowy Tale

This week we celebrated not only Christmas, but also the solstice — the shortest day of the year. In honor of this wintry weather, author Edward Carey recommends his favorite winter fairy tale.
NPR

Nutmeg Spice Has A Secret Story That Isn't So Nice

Nutmeg is a feel-good holiday spice. But it once caused serious bloodshed and may have even been a reason the Dutch were willing to part with Manhattan in the 1600s.
WAMU 88.5

Special Prosecutors Should Handle Civilian Shootings By Police, Holmes Norton Says

Norton says mayors and governors could stem anger over civilian shootings by police by appointing special prosecutors to handle them.
NPR

2014 Hashtags: #MuslimApologies Grew Out Of Both Anger And Whimsy

Maha Hilal helped launch #MuslimApologies partly as a rebuttal to the more earnest hashtag, #NotInOurName. She tells Audie Cornish how it reflects a divisive conversation in the Muslim community.

Leave a Comment

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