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Tag Archives: food prices

April consumer spending shows weak gain

WASHINGTON — Consumers spent more in April but much of the increase was eaten up by higher food and energy prices. After discounting for the jump in prices, spending barely budged and after-tax incomes were flat for a second straight ...

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Credit-card business pushes Target net up 2.7 pct

NEW YORK — A stronger credit-card business helped Target Corp.’s net income rise 2.7 percent in the first quarter, even as customers were cautious about buying because of higher gas and food prices. Target’s credit-card business, which it uses to ...

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Rising food, gas costs push up US consumer prices

WASHINGTON — U.S. consumers paid more for gas and food in April, pushing inflation to its highest level in two and a half years. But so far this month, inflationary pressures have begun to ease. The Consumer Price Index increased ...

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Higher energy prices push wholesale prices higher

WASHINGTON — More expensive gas pushed U.S. wholesale prices higher last month, although pricier cars and furniture also contributed to increase. The Producer Price Index, which measures price changes before they reach the consumer, rose 0.7 percent in March, the ...

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