Prices rose by 0.4% in March for consumers
Direction: The Consumer Price Index, most often, followed indicator of inflation, rose four-tenths of 1 percent in March, the laboratory Department reported today. On an annual basis, the increase again this year to bring an inflation rate of 6.2 per cent.
The Consumer Price Index, most often, followed indicator of inflation, rose four-tenths of 1 percent in March, the laboratory Department reported today. On an annual basis, the increase again this year to bring an inflation rate of 6.2 per cent.
Although the increase in the overall index was the same as in February, some economists indicate that other figures, they said that price increases are a source of concern.
”I’m just a little uncomfortable,’’said Robert G. Dederick, a former Commerce Department official, became Executive Vice President Northern Trust Company in Chicago. ”This is going to have to be monitored closely.”
Prices in the region of New York and New Jersey area north-east past five-tenths of 1 percent in March. [39] Economists say that even if food and energy, two volatile components were excluded, the index expanded during the first quarter with an annual rate of 5.2 per cent, against 3, 7 percent in the last quarter ended September 31 and December 30.
The Reagan administration said that inflation remains well under control, and that increases this year in particular led to an increase in oil prices, which did not fall to a low level.
The question of today’s report, Treasury Secretary James A. Baker 3d said,”We believe that, more importantly, what we would already be the case for some time, and that is an increase in oil prices.”
The price of gasoline and heating oil rose in March, but at a slower pace than the month of February. But there were also sharp increases in prices for a wide range of products and services.
The index for clothing and services such as cleaning, for example, hervorspringen 1.7% last month, the biggest jump since August 1974.
The Department of Labor, said the introduction of new higher prices of spring and summer product, in particular garments for women, was mainly responsible. Private analysts point out that the increase in clothing for the weakness of the dollar vis-à-vis foreign currencies.
The clothing is imported in large quantities, and the low value of the dollar allows domestic producers to increase prices. The price for infants and young children ‘clothing rose by 5 percent during the past month, while women and girls clothing rose 2.4 percent. Footwear rose 1.7 percent. “Perturbants figures
Today’s report prompted an economist of a bank in New York to say he würde”haben to überdenken’’seiner predict that the rise in consumer prices, inflation does not exceed 3 1 / 2 4 per cent this year. One was a 1.1 per cent in 1986 with assistance from the collapse in the price of gas and oil.
These analysts, invited not identify, said it still evaluating the report, but he cites figures to disrupt”.”
The rising cost of imports was clearly an important factor in assessing inflation trends. Thursday’s report on gross domestic product showed that prices of imports, including a significant quantity of oil, mounted on a rate of 13.5 per cent in the first quarter.
I would be”an eye on this area,”Daniel Friel, an economist at the National Bank of North Carolina, said. Transport costs up
Prices in major sectors of transport has increased by six-tenths of 1 percent in the last month. The price of gasoline has increased by 2.3 per cent of used cars rose 2.1 percent and motor insurance has increased seven-tenths of 1 percent, bringing to 12 months to increase its 9.5 per cent. The increase in used car prices was the third in a row, after 11 monthly declines. The prices of new cars have been largely unchanged, after a decline of 1 percent in February, said the department.
The cost of housing has increased by four-tenths of 1 percent, the same as the previous month, when the price of heating oil and electricity has increased, while natural gas declined. The fees for cable television, jumped 1.2% last month, are now more than 4.5 per cent in December. The only setback for the food industry.
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