Consumer prices rise, earnings fall in US

Consumer prices rise, earnings fall in USLatest figures show that the consumer prices in the US have inched-up by a modest amount. But the good thing is that they have finally gone up.

The increase is in the same line as the economists had expected.

The data available was for the month of March. This means that the inflation is happening, a moderate inflation, of course.

This has happened because the price of both food and non-food items have increased. Most of it was in the field of fuel prices.

This also meant that the households were under pressure because their earnings were not going up at the same rate as prices.

The data, which was provided by the Labor Department, showed that the consumer prices increased by 0.1 per cent for March. Core inflation, remained unchanged if the food and energy costs were excluded.

While the increasing prices should bring good news for the Americans, it is not so. Much of that is the result of the falling hourly income. The average hourly incomes have gone down by 0.1 per cent for March. While, if inflation in considered then the earnings have actually fallen down by 0.2 per cent.