Experts said fixed-asset investment and retail sales helped the Chinese economy outperform other major economies, despite the fact that its shrinking exports were a drag on its progress. • China's GDP growth accelerates to 8.9% in Q3 Oct 23, 2009
BEIJING, Oct. 22 (Xinhua) -- China's consumer price index (CPI),a main gauge of inflation, dipped 1. 1 percent year on year in thefirst nine months of this year, the National Bureau of Statisticssaid Thursday. (Xinhuanet, China)
Waste Connections sues El Dorado County Oct 23, 2009
4 percent rate increase that s based on the consumer price index ... Under the contract, the county agreed to an annual rate increase based on the consumer price index to cover increasing costs, according to the company. (Sacramento Business Journal, CA)
Dollar rally shows signs of fatigue Oct 23, 2009
The third-quarter consumer price index (CPI) is due next Wednesday, a figure that has become crucial for the monetary policy outlook since the Reserve Bank of Australia (RBA) shifted its focus to inflation as its major concern. Three-year futures were 0. (Sydney Morning Herald -- Business)
Export prices keep upward pressure on rates Oct 23, 2009
The data feeds into 00004000 the consumer price index (CPI) due next Wednesday, a figure that has become crucial for the monetary policy outlook since the Reserve Bank of Australia (RBA) shifted its focus to inflation as its major concern. "A higher-than-expected core CPI number next week could unnerve RBA officials, but only a substantial surprise would be sufficient to prompt a larger move (in interest rates)," said Helen Kevans, economist at JP Morgan. (Sydney Morning Herald -- Business)
Inflation returns as a worry Oct 23, 2009
The Consumer Price Index (CPI) annual rate is travelling at a relatively sedate pace - 1. 5 per cent in the year to June - below the Reserve Bank of Australias 2 to 3 per cent target band. (Sydney Morning Herald -- Business)
China's growth quickens but policy stays on hold Oct 22, 2009
"Good figures. Economic growth has picked up very swiftly. said Wang Hu, an analyst at Guotai Junan Securities in Shanghai. STRONGER NEXT YEAR? Most economists expect even stronger growth in 2010 given this year's relatively low base of comparison, the likelihood of a partial recovery in net exports and the fiscal stimulus already in the pipeline. The median forecast of a Reuters poll published on October 18 was for 9.0 percent growth in 2010, but several banks have since taken an even rosier... (Yahoo News -- Press Releases)
Annual inflation at 1.21% on October 10 Oct 22, 2009
The wholesale price index is more closely watched than the consumer price index, which is published monthly, because it covers a higher number of products and is released weekly. On Monday, the Indian cabinet approved the launch of a new monthly inflation data series with 2004 as the base year. (India Times)
Patatas bravo Oct 22, 2009
August saw the first increase in the annual change of the overall consumer price index since July 2008, though spending on clothing and footwear fell 0. 8% compared with the previous month, according to national statistics. (BBC News -- Business)
Data to bring inflation back into focus Oct 22, 2009
Those figures will offer some information on the forces acting on the general level of consumer prices, but there will still be significant uncertainty ahead of the major data released for next week, the consumer price index (CPI) on Wednes 00004000 day. Over the year to the June quarter, the CPI rose by 1. (Sydney Morning Herald -- Business)
China's economy grows 8.9% in Q3 Oct 22, 2009
com - China's economy grows 8. China's economy grows 8. (Channelnewsasia.com)
Price of a college education continues to rise Oct 22, 2009
1 percent decline in the Consumer Price Index from July 2008 to July 2009. Hit hard by state budget cuts, four-year public colleges raised tuition and fees by an average of 6. (Albany Times Union)
The Incredible Climbing Cost of College Oct 21, 2009
All this in a year where the cost of most everything else (as measured by the Consumer Price Index) actually fell. There is a silver lining: increased aid and tax benefits mean out-of-pocket costs for school are lower than they were five years ago, although only slightly. (Time.com)
Letters to the editor Oct 21, 2009
Over the long term, we can better address the needs of seniors by establishing a consumer price index for the elderly to determine an appropriate cost-of-living adjustment. But for 2010, the least we can do is to provide seniors with a modest increase in their benefits so they don't have to make the unacceptable choice between heating their homes or paying for prescription drugs this winter. (San Francisco Chronicle -- Opinion)
- Proposed water rate fee increase discussed in Imperial meeting (1) Oct 21, 2009
Any rate increases would be subject to changes in the consumer price index by the fourth year under the proposal. But a number of residents expressed their dismay that the plan would require them to pay more for water usage than they can afford. (El Centro Imperial Valley Press, CA)
College Tuition: Going for Broke Oct 21, 2009
The consumer price index declined 2. 1% between July 2008 and 2009, meaning that inflation-adjusted increases in prices this year are significantly larger than current dollar increases, the College Board says. (BusinessWeek)
College costs still climb amid recession Oct 21, 2009
Still, Patrick Callan, president of the National Center for Public Policy and Higher Education, was perplexed by the increases that once again outpaced the Consumer Price Index. "Take a walk in a shopping mall, or look at the ads in your newspaper. Is anyone else raising prices six-and-a-half percent this year?" he asked. (Pittsburgh Post-Gazette, PA)
Jaideep Mishra: Monetary policy Oct 21, 2009
It is true that consumer price index remains uncomfortably high. But disaggregated data does show that it is dearer food prices along with higher, imported crude oil costs thats keeping the increase in the CPI much too buoyant and in the double digits. (India Times)
Will the monthly computation of inflation data be more effective than the weekly one? Oct 21, 2009
Economists have welcomed the restructuring of the WPI, but still voiced the need for a good consumer price index (CPI), which is taken as a better measure of prices for policy-making. The government will, however, continue to provide weekly data on prices of primary articles and fuels. (India Times)
Navigation district tables action on lease adjustment Oct 21, 2009
That rate is the 2005 market value plus consumer price index (CPI). The ACND could increase the rate up to 50 percent, as allowed by law, which would take the rate to $1,325. (Rockport Pilot, TX)
Deflation fears persist amid beginning of economic recovery Oct 20, 2009
The consumer price index rose 0. 2% in September from August, the said last week. (USA Today -- Money)
As cost of living rises for seniors, so should the size of their checks Oct 20, 2009
The alleged reason for that denial, the lack of any significant rise in the consumer price index, is specious at best and dishonest at worst ... Yet, the elderly spend less than the American average on gasoline, since they drive far fewer miles but the major factor holding down inflation as measured by the consumer price index has been temporarily lower energy costs. (Atlanta Journal-Constitution -- Opinion)
Welcome new price index Oct 20, 2009
However, the government needs to press on with its agenda of price index reform: a producer price index, several and combined services indices, and an expanded consumer price index that better reflects todays urban consumption. There is little sense in releasing manufacturing price 00004000 data on a weekly basis, when only 16-20% of the WPI items are updated. (India Times)
Inflation worries triggered rate rise Oct 20, 2009
The September consumer price index will be published next week. Few clues of future moves. (Sydney Morning Herald -- Business)
- Voice: Many reasons for opposition (1) Oct 20, 2009
Tying the increases in years four and five to the CPI (Consumer Price Index) is a lazy way to complete the rate study, especially when a major project is in year five. (new wastewater plant). (El Centro Imperial Valley Press, CA)
Obama Tries to Bribe Seniors With COLA Oct 20, 2009
Because of the substantial deflation that our economy went through last year, not least the collapse of energy prices from the peak of the oil "bubble", the Consumer Price Index for Urban Wage Earners (CPI-W), which is the basis for calculating Social Security cost-of-living adjustments ( COLA s), is down from the same period a year ago. This means, for the first time since the CPI-based formula came into effect in 1975, that there will be no COLA increase for 2010. (Human Events Online)
Central landfill sale moving forward (3) Oct 20, 2009
The PSA limits rate increases to benchmarks such as the consumer price index and gives cities and county a say in how the landfill is run. Republic doesn t see the transaction as true divestiture but more of a partnership in which the cities and the county still have a lot of control, said Mike Caprio, the Republic Services chief for its West Coast operations. (Sebastopol Sonoma West Publishing, CA)
State agency to raise cabin rates, extend lease terms Oct 20, 2009
They also voted to peg some of the cost of leases on the national consumer price index, so lease fees would reflect current economic conditions, as well as surrounding land values ... Going forward, she said, rates would go up every year using a new formula: the real estate appreciation index averaged with the consumer price index. (Montana Standard, MT)
Benchmark index up; interest mainly on second liners Oct 19, 2009
TA Securities, in a report, said this week would see a slew of economic data like consumer price index and foreign reserves on Wednesday and Thursday respectively, as well as the tabling of Budget 2010 on Friday. The total allocation for Budget 2010 was estimated about RM177. (The Star Online, Malaysia)
Cabinet OKs monthly release of WPI Oct 19, 2009
India also releases data on consumer price index every month. Read business stories in. (India Times)
Gold bulls ready to resume charge Oct 19, 2009
He said the government has understated the cost of living over the past two decades with adjustments in the way it measures the basket of goods and services monitored by the US consumer price index, or CPI.. Gold futures for December delivery closed Oct. 16 at $US1,051. (Sydney Morning Herald -- Business)
GENERATION GAP: For young, recession offers deals of a lifetime Oct 19, 2009
The Consumer Price Index has recorded a rare drop over the past 12 months -- 1. 5 percent. (Orangeburg Times and Democrat, SC)
China's economy has passed the worst and recovery will pick up momentum next year, according to a prominent Chinese economist. • Chinese economy expected to grow 9% in Q3: Experts Oct 19, 2009
According to a recent report by the Bank of Communications, although China's consumer price index (CPI) and producer price index (PPI) will continue to go down in the third quarter, the decline will be narrowed and the country's GDP growth rate is expected to reach 9 percent. Forecast from the U.S. investment bank Goldman Sachs is even bolder. (Xinhuanet, China)
Galt councilman wants to look at rent control for mobile home parks (379) Oct 19, 2009
Usually it is tied to the cost-of-living through the Consumer Price Index ... ModestoOrdinance: Rent can increase by 100 percent of the Consumer Price Index based on the Western Region CPI, but not more than 6 percent of the base rent annually ... Sonoma CountyOrdinance: Rent can be 100 percent of the Consumer Price Index for the San Francisco, Oakland and San Jose index for the month of June each year. (Lodi News Sentinel, CA)
Govt approves WPI series, NTPC stake sale Oct 19, 2009
India also releases data on consumer price index every month. The Cabinet approved sale of its five per cent stake in state-run power producer NTPC this fiscal. (India Times)
British economy in for painful recovery: report Oct 19, 2009
"The weakness of domestic demand puts downward pressure on the Consumer Price Index, but this is offset by downward pressure on the exchange rate, helping to rebalance the economy in subsequent years.". The ITEM Club forecast comes ahead of Friday's official figures for July to September, which are expected to show that Britain's worst recession in decades has finally ended, with a quarter of positive GDP.. (Yahoo! Asia News)
Canada's Dollar Climbs for Third Week, Moving Closer to Parity With U.S. Oct 19, 2009
3 percent, after Statistics Canada said the consumer price index declined in September for a fourth month, the longest stretch since 1953. The report spurred speculation that subdued inflation will allow the Bank of Canada to leave borrowing costs unchanged next week. (Bloomberg -- Canada)
Treating the Elderly Like Spoiled Brats Oct 18, 2009
In the following 12 months, though, the Consumer Price Index has dropped by 2. 1 percent. (Townhall.com)
- Imperial city leaders to discuss proposed rate increase during special meeting Tuesday (1) Oct 18, 2009
Imperial Administrative Services Director Laura Gutierrez has previously said that any rate increases would be subject to changes in the consumer price index by the fourth year under the proposal. Imperial City Council members can vote Tuesday to go forward with the proposed rate hike depending on the outcome of the meeting, Imperial City Debra Jackson has said. (El Centro Imperial Valley Press, CA)
Factor in health care Oct 18, 2009
Why are the costs of health care not included in the Consumer Price Index, which is used to determine the level of inflation as reflected in the costs of goods and services. The massive annual increases in health care costs impact nearly everyone, particularly seniors, and there will be no cost of living allowance for Social Security next year because, ostensibly, the inflation rate has been negative. (Fresno Bee -- Opinion)
Rent control: Opponents Oct 18, 2009
While he already tries to keep rates lower than the Consumer Price Index, Beldt does not want an ordinance mandating it. "We want it to be fair on both sides, and rent control has been notoriously not fair," Beldt said. (Lodi News Sentinel, CA)
No Social Security raise in 2010 Oct 17, 2009
By law, benefits increase each year if there is an increase in the Consumer Price Index from the third quarter of the last year to the third quarter of the current year. for more information. (Pittsburgh Business Times, PA)
Tax breaks for 2010? Not likely Oct 17, 2009
The Consumer Price Index in recent months has been running close to zero. "I think it's safe to say that no one in Congress or the IRS ever seriously contemplated a deflationary adjustment, which would have the effect of raising taxes in a down economy," said George Jones, a senior CCH tax analyst. (AZCentral -- Business)
Social Security Freeze: Time to Scrimp Oct 17, 2009
"Prices have gone DOWN, while SS payments have not. And we're supposed to think this is somehow a hardship for seniors ? Huh ? Think, people, THINK. by Biggest_Rick October 16, 2009 2:20 PM EDT We have negative inflation on prices, but not necessarily on taxes. A lot of people have been hit with higher property and sales taxes as states caught in the recession have raised taxes to make ends meet. Furthermore, not all prices are static. While prices on durable goods have remained stable, prices... (CBS News)
Treasuries Decline for Second Straight Week Amid Signs of Economic Growth Oct 17, 2009
Longer-dated bonds may outperform shorter-maturity notes on speculation the U.S. consumer price index has yet to reach bottom, he said. The between rates on 10-year notes and Treasury Inflation Protected Securities, which reflects the outlook among traders for consumer prices, was at 1. (Bloomberg -- US)
Canada's Dollar Falls a Second Day as Investors' Risk Appetite Decreases Oct 17, 2009
Oct. 16 (Bloomberg) -- Canadas dollar weakened for a second day as investors appetite for riskier assets decreased and the nations consumer price index declined for the fourth straight month. The Canadian currency fell as Bank of America Corp.s third-quarter loss pulled U.S. stock indexes from one-year highs. (Bloomberg -- Canada)
Canadian Prices Fall for Fourth Straight Month, Longest Stretch Since 1953 Oct 17, 2009
The consumer price index fell 0. 9 percent in September from a year earlier, following Augusts 0. (Bloomberg -- Canada)
Consumer prices rise 0.2% in September Oct 17, 2009
The Consumer Price Index was up 0. 2 percent last month, but still down 1. (Nashville Business Journal, TN)
Kenya: New Rules Herald Era of Tight Controls in Mobile Telephony Oct 17, 2009
Furthermore, tariff increases will be pegged on movement on the consumer price index. The proposed regulations have been circulated to the stakeholders and are still subject to discussion and consultation. (allAfrica.com)
Another View: Cash for Seniors? Oct 17, 2009
Moreover, even using a separate consumer price index pegged specifically to costs for seniors, there would be no Social Security cost-of-living adjustment this year. At least the $250 is a one-time (OK, two-time) expense. (Hanford Sentinal, CA)
Midwest CPI flat in September Oct 16, 2009
The Midwest Consumer Price Index was unchanged from August to September, but fell 1 ... The U.S. Consumer Price Index rose 0. (Cincinnati Business Courier, OH)
Bank results stifle US rise, energy curbs dip Oct 16, 2009
On the economic front, data showed the Consumer Price Index prices edged up in September and the number of workers filing new claims for jobless benefits dropped to a nine-month low last week. A sharp increase in New York state factory activity was tempered by a report showing factory activity in the Mid-Atlantic region grew less than expected. (Sydney Morning Herald -- Business)
Special $250 payment to seniors? Oct 16, 2009
Today s announcement by the Labor Department will mark the first time that the federal formula used since then, which is tied to the consumer price index, will translate into no increase at all. That is because consumer prices have remained stagnant in the weak economy. (Atlanta Journal-Constitution -- Business)
Diminishing Returns? Oct 16, 2009
That may change in 2010, Social Security Commissioner Michael Astrue said, because there was not an increase in the Bureau of Labor Statistics' Consumer Price Index for Urban Wage Earners and Clerical Workers from the third quarter of the last year to the third quarter of the current year. Social Security is doing its job helping Americans maintain their standard of living,Astrue said. (Nebraska Statepaper)
US consumer prices up 0.2% in Sept Oct 16, 2009
The Labor Department's consumer price index (CPI) showed a year-over-year decline of 1. 3 percent, in a report being monitored for signs of deflation rather than inflation in light of the weak economy. (Yahoo! Asia News)
Business briefs Oct 16, 2009
The Consumer Price Index rose 0 ... The Consumer Price Index rose 0. (New York Post -- Business)
Gold falls sharply as investors pocket profits Oct 16, 2009
In another report, the Labor Department said consumer price index for September is pegged at 0. 2 percent, followed a 0. (Xinhuanet, China)
Can Wall Street Maintain Momentum? Oct 16, 2009
Separately, economists expect the Labor Department's Consumer Price Index rose just 0. 2 percent in September, after a 0. (CBS News -- Early Show)
Midwest consumer prices stay flat Oct 16, 2009
The Midwest Consumer Price Index was unchanged in September compared with August but fell 1. 7 percent from September 2008, the said Thursday. (Wichita Business Journal, KS)
Consumer Prices Rise Modestly Oct 16, 2009
The Labor Department said its Consumer Price Index rose 0. 2 percent last month, matching analysts' expectations, after increasing 0. (ABC News -- Business)
Inflation pressures remain modest Oct 16, 2009
2 percent September rise in the Labor Department's Consumer Price Index followed a bigger 0. 4 percent jump in August. (MSNBC -- Business)
IRS: 401(k) contribution limits to stay the same for 2010 Oct 16, 2009
The announcements came Thursday after the Labor Department reported that the consumer price index fell in the third quarter from the year-ago quarter. Social Security benefits, retirement-plan limits and a host of other government programs are tied to the inflation rate during that period. (USA Today -- Money)
Recession sends wages toward 18-year low Oct 16, 2009
24 an hour Jan. 1, to reflect a drop in the consumer price index ... Nearly 80 million people have wages or benefits tied to changes in the consumer price index ... The consumer price index fell 3. (USA Today -- Money)
Meltdown 101: Consumer Prices by the Numbers Oct 16, 2009
One key factor is the plunge in energy prices over the past year, as gauged by the Labor Department's Consumer Price Index. The price of food is also falling. (ABC News -- Wire)
Gold retreats from recent highs as US$ gains Oct 16, 2009
The Labor Department said its consumer price index rose a slight 0. 2 percent in September, in line with what analysts were expecting. (The Star Online, Malaysia -- Business)
No cost of living increases in 2010, Social Security says Oct 16, 2009
The Labor Department said Thursday that the consumer price index rose 0 ... Compared to the same period last year, the consumer price index is 1. (USA Today -- Money)
