Consumer prices rise across the board

Consumer prices rose by 0.3% in March, led by rising costs in energy, food and transportation.
APR 16, 2008
Consumer prices rose by 0.3% in March, led by rising costs in energy, food and transportation, according to a report released today by the U.S. Department of Labor. Energy prices rose 1.9% that month, as gasoline prices increased by 1.3% and natural gases increased by 4.6%. Food prices, meanwhile, rose 0.2%, with beef prices rising by 0.6% and vegetables up 2%. Travel expenses, boosted by the rising cost of fuel, were similarly more expensive, with the cost of airline tickets jumping 3%. The largest decrease in prices was in clothing, falling 1.3% — a drop not experienced since September 1998 but not enough to counteract the increases seen in other categories. The increases in price came as core inflation, which is inflation excluding energy and food costs, grew by 0.2%. Over the past year, inflation has increased by 4%.

Latest News

SEC to lose Hester Peirce, deepening a commissioner crisis
SEC to lose Hester Peirce, deepening a commissioner crisis

The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.

Florida B-D, RIA owner pitches bold long-term plan to sell to advisors
Florida B-D, RIA owner pitches bold long-term plan to sell to advisors

IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.

Fintech bytes: Vanilla, Wealth.com forge new estate planning partnerships
Fintech bytes: Vanilla, Wealth.com forge new estate planning partnerships

Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.

Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions
Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions

A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.

Why the evolution of ETFs is changing the due diligence equation
Why the evolution of ETFs is changing the due diligence equation

As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.

SPONSORED Are hedge funds the missing ingredient?

Wellington explores how multi strategy hedge funds may enhance diversification

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management