Inflation pressures ease despite food price jump
Inflation pressures eased a bit in April despite the biggest jump in food prices in 18 years.
The Labor Department reported Wednesday that consumer prices edged up 0.2 percent last month, compared to a 0.3 percent rise in March.
The lower inflation reflected a flat reading for energy, which helped offset a 0.9 percent jump in food costs as prices climbed for many basic items, from bread and milk to coffee and fresh fruits.
The unchanged reading for energy reflected a big 4.8 percent jump in natural gas prices, offset by a 2 percent decline in gasoline costs.
The reported drop in gasoline prices reflected the government's accounting process, which discounts expected seasonal price changes.
Since gasoline prices normally rise significantly in April, the 5.6 percent rise in prices for the month turned into a 2 percent drop after the government adjusted for normal seasonal changes. That was little comfort for motorists now paying record prices at the pump, which are nearing $4 per gallon.
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Member Comments
Posted By: chinese tibet @ 05/03/2008 8:58:49 AM
Comment: Oppose France, England, Germany, Japan ,USA???
Oppose CNN is not actual report to China!
CNN's Jack Cafferty is a ignorant garbage???
Sustain the Beijing Olympics!
Tibet is inviolable territory in China from time immemorial, China never relinquished control of Tibet.
Dalai Lama is Chinese splittist.
France, Germany, England, Japan, American people does not understand reality of Tibet!
Occidental news is inauthenticity for China.
China is amity, but China is unconquerable come from threaten for fremdness !
Please see the following Web address in the concerning the photo that true of China Tibet:
http://blog.ifeng.com/706796.html
Posted By: chinese tibet @ 05/03/2008 8:58:31 AM
Comment: Oppose France, England, Germany, Japan ,USA???
Oppose CNN is not actual report to China!
CNN's Jack Cafferty is a ignorant garbage???
Sustain the Beijing Olympics!
Tibet is inviolable territory in China from time immemorial, China never relinquished control of Tibet.
Dalai Lama is Chinese splittist.
France, Germany, England, Japan, American people does not understand reality of Tibet!
Occidental news is inauthenticity for China.
China is amity, but China is unconquerable come from threaten for fremdness !
Please see the following Web address in the concerning the photo that true of China Tibet:
http://blog.ifeng.com/706796.html
Posted By: chinese tibet @ 05/03/2008 8:58:24 AM
Comment: Oppose France, England, Germany, Japan ,USA???
Oppose CNN is not actual report to China!
CNN's Jack Cafferty is a ignorant garbage???
Sustain the Beijing Olympics!
Tibet is inviolable territory in China from time immemorial, China never relinquished control of Tibet.
Dalai Lama is Chinese splittist.
France, Germany, England, Japan, American people does not understand reality of Tibet!
Occidental news is inauthenticity for China.
China is amity, but China is unconquerable come from threaten for fremdness !
Please see the following Web address in the concerning the photo that true of China Tibet:
http://blog.ifeng.com/706796.html