Higher energy prices drive some inflation in Houston: BLS

According to the Consumer Price Index, prices for goods and services in the Houston metropolitan area increased by an average of 1.1{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} in March and April, and according to the Consumer Price Index, the US Bureau of Labor Statistics.

The energy index, which measures the change in energy prices, has risen 11{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} in the past two months after a 9{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} drop in January and February. Seasonally unadjusted data showed that food prices rose 0.6{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} and all other items increased only 0.2{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}.

From April 2018 to April 2019, prices for items excluding energy and food in Houston rose 1.7{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}.

Economic outlook: Houston is likely to show modest growth when the economy returns to oil base

US inflation, as measured by the CPI, is close to the Federal Reserve's target of 2{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}, and the central bank sees it as a healthy level of inflation for economic growth. In April, seasonally adjusted data showed that the consumer price index for all items rose 0.3{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}, mostly gasoline prices. According to seasonally adjusted data, the petrol index for April rose 5.7{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}.


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