Gas costs push consumer prices higher

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Friday, September 14, 2012

Rising gas costs drove up consumer prices in August by the most in three years.

The Labor Department said Friday that consumer prices rose a seasonally adjusted 0.6 percent last month, the first increase since March. Higher gas prices accounted for 80 percent of the increase. Food prices rose 0.2 percent.

Excluding the volatile food and energy categories, core prices edged up 0.1 percent for the second straight month. Rents, medical care and new cars got more expensive, while clothing, furniture and airline fares fell in price.

Read more at OregonLive.com.

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