Content about Inflation

Atlanta -- The SpendTrend analysis released Friday by First Data Corp., which tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations, found that overall year-over-year dollar volume growth was up 7.3% in November 2011, down from October’s 9.4% growth.

November 2011 had tough comparables as November 2010 was a particularly strong month, with dollar volume growth up 8.1%, according to First Data. November 2011 transaction growth was 6.1%. 

New York City -- Consumer confidence declined in May, according to the Conference Board Consumer Confidence Index. The Index now stands at 60.8, down from 66.0 in April. The Present Situation Index decreased to 39.3 from 40.2. The Expectations Index declined to 75.2 from 83.2 last month.

New York City -- Rising fuel costs, higher commodity prices and increasing international market demand for food are pushing food inflation higher and higher, according to the Food Marketing Institute’s U.S. Grocery Shopper Trends report released Tuesday.

Washington, D.C. -- The Labor Department reported Wednesday that the consumer-price index increased 0.1% in November after a 0.2% rise the prior month. The rise was less than forecast, indicating higher prices for commodities such as fuel aren’t filtering through into other goods and services.

The median estimate of economists in a Bloomberg News survey called for a gain of 0.2%. The so-called core measure, which excludes more volatile food and energy costs, also rose 0.1%, matching the median forecast.