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As prices rise, some may consider budgeting help from consumer credit counseling service
By Sam Craine on Feb 21st, 2010
A recent report from the U.S. Bureau of Labor Statistics shows that the consumer costs increased in January.
According to the BLS, the consumer price index increased 0.2 percent. The bureau also reported that in the last month consumer costs went up 2.6 percent, though that figure does not account for seasonal adjustments.
Though the CPI went up, the main reason for the increase was a rise in the price of energy.
"An increase in the gasoline index was the main factor, and the indexes for fuel oil and natural gas rose as well, though the electricity index declined," the BLS said.
Along with energy costs, the amount it took to put food on the table went up in January. Increases in food costs were tied to increases in the cost of dairy products, along with fruits and vegetables.
When taking energy and food out of the equation, consumer costs fell 0.1 percent in January. The drop was associated with the price of shelter, new vehicles and fares for air travel.
While consumers continue to deal with raised prices for essentials like food and energy, some may wonder how to get their finances in order so that they can pay their bills. One option is to adopt a budget, a goal that may be facilitated by a consumer credit counseling agency.
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