Classifieds Business Directory Jobs Real Estate Autos Legal Notices ePubs Subscribe Archives
Today is September 20, 2014
home newssports feature opinion fyi society obits multimedia

Front Page » June 16, 2011 » Carbon County News » Zions Bank reports slight jump in Utah prices
Published 1,192 days ago

Zions Bank reports slight jump in Utah prices


Print PageEmail PageShareGet Reprints

The Zions Bank Wasatch Front Consumer Price Index (CPI) increased 0.4 percent in the month of May. Inflationary pressure eased last month as crude oil dropped below $100 a barrel. In May, the cost of transportation went up 0.5 percent, the lowest monthly increase since January.

Prices increased in seven of the ten categories and remained flat in the remaining three categories.

Price increases along the Wasatch Front in May slowed significantly. The inflationary slowdown is in part due to consumers allocating more of their income toward gasoline rather than other consumer goods. As a result, businesses stop raising prices - sometimes dropping costs - to attract consumers.

The costs of food at home along the Wasatch Front remained relatively stable in May, increasing 0.2 percent. The price increase is attributed to a rise in the cost of meats, wheat, and produce.

Food at home costs account for 8.3 percent of a typical Utahn's consumption.

Print PageEmail PageShareGet Reprints


Top of Page


 
Carbon County News  
June 16, 2011
Recent Local News
Quick Links
Subscribe via RSS
Related Articles  
Related Stories



Best viewed with Firefox
Get Firefox

© Sun Advocate, 2000-2013. All rights reserved. All material found on this website, unless otherwise specified, is copyright and may not be reproduced without the explicit written permission from the publisher of the Sun Advocate.
Legal Notices & Terms of Use    Privacy Policy    Advertising Info    FAQ    Contact Us
  RSS Feeds    News on Your Site    Staff Information    Submitting Content    About Us