The Labor Department announced Wednesday that the Consumer Price Index fell 0.1 percent in April from March, the first decline in more than a year. Core inflation, which excludes the cost of energy and food, remained unchanged after rising 0.1 percent in March.

Creative Commons photo from Flickr/Matt MacGillivray

BY KELLEN M. HENRY — MEDILL NEWS SERVICE

Consumer prices in the Chicago area rose 0.6 percent last month, riding on an increase in the price of gasoline in June, while other price areas remained stagnant, the Bureau of Labor Statistics reported on Wednesday.

The [...]

Consumer prices tumbled in March. (Therese Flanagan/FLICKR)

BY DEB WEINSTEIN- MEDILL NEWS SERVICE

Penny-pinching has taken a toll on prices, according to the latest read on the Consumer Price Index by the Bureau of Labor Statistics. Reduced demand for gas, natural gas and oil exerted the  most pressure on the index, forcing consumer prices to [...]

BY BENJAMIN MIRASKI, MEDILL NEWS SERVICE

The Hershey Company [[HSY]] announced today that it will raise prices on its instant consumable, multi-pack and packaged candy lines by 11 percent.

This is nothing new in the food industry. Companies have been raising prices to keep pace with commodity price inflation [...]

BY BENJAMIN MIRASKI, MEDILL NEWS SERVICE

The markets had the total opposite reaction than we expected at Medill Money Mavens given all of the bad news at the beginning of the day, when, tongue-in-cheek, we suggested this day might just [...]

BY BENJAMIN MIRASKI, MEDILL NEWS SERVICE

Bad news seems to be the only news of the day today, unless you work for WalMart. A bad jobs number, housing foreclosures are up and then there is inflation.

The Consumer Price Index was up 0.8 percent in July, [...]

Chicagoans hungry for books about food, publishers happy to serve up more
by Molly Seltzer
Apr 28, 2008

Loaves and popovers grow lofty and puffy because yeast feeds on sugar and releases carbon dioxide.  These rising breads are causing something else to rise — the popularity of food books.

In the [...]

Credit market turmoil could boost CME’s move into OTC derivatives

by John Detrixhe

Apr 23, 2008

The CME Group Inc.’s latest foray into the $62 trillion off-exchange credit-default swaps market comes just as some critics [...]