Dominion Lending Centres Clearlease Reports Friday the 13th Americans paid more for food and gas in April

Dominion Lending Centres Clearlease Reports Friday the 13th Americans paid more for food and gas in April

VANCOUVER, BC – (May 13, 2011) Clearlease Reports U.S. consumers paid more for gas and food in April, pushing inflation to its highest level in two and a half years. But so far this month, inflationary pressures have begun to ease.

The Consumer Price Index increased 0.4 per cent in April, the Labor Department said. In the past 12 months, prices have risen 3.2 per cent. That’s the biggest 12-month gain since October 2008.

Excluding volatile food and energy, prices ticked up 0.2 per cent and have risen only 1.3 per cent this year. That’s double the gain posted six months ago, but still below the level the Federal Reserve considers a healthy pace of inflation.

The cost of new and used cars, clothing, and medical care all increased, pushing up the core index. Car prices likely increased because of temporary parts shortages caused by the March 11 earthquake and tsunami in Japan. Most other prices were subdued.

Oil prices have fallen from their peak of $114 a barrel earlier this month to about $100 Friday. The prices of corn and other grains have also declined in recent days

Economists say gas and food prices should retreat later this year. High prices are likely slowing the economy in the April-June quarter, but growth should pick up in the second half of this year, they say.

“With commodity prices now dropping back, it looks like inflation is close to peaking,” said Paul Ashworth, chief U.S. economist for Capital Economics, who expects year-over-year inflation should climb to 3.5 per cent before dropping in the second half of the year.

Cary Leahey, an economist at Decision Economics, said yearly inflation figures should start to decline in the next several months, although core prices should continue to rise. The Federal Reserve won’t need to start raising interest rates until next year to keep inflation in check, he said.

Gas prices rose 3.3 per cent in April. That accounts for half last month’s increase. They have soared more than 33 per cent in the past year. Demand in fast-growing developing countries and political turmoil in the Middle East have caused oil prices to rise. Prices at the pump have since levelled off near $4, up $1.09 from last year.

Food prices increased 0.4 per cent last month. That’s half the previous month’s increase, which was the largest in nearly three years. The price of fresh vegetables fell. Dairy, meat, fish and eggs all rose.

Federal Reserve Chairman Ben Bernanke has said that the impact of higher food and gas prices should be temporary. The central bank has also said it is watching closely for any signs of inflation. Seven months ago, when the core index had risen only 0.6 per cent in a year, the Fed was more concerned about falling prices. The October reading was the smallest increase since the index began in 1957.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Friday the 13th Americans paid more for food and gas in April

VANCOUVER, BC – (May 13, 2011) Clearlease Reports U.S. consumers paid more for gas and food in April, pushing inflation to its highest level in two and a half years. But so far this month, inflationary pressures have begun to ease.

The Consumer Price Index increased 0.4 per cent in April, the Labor Department said. In the past 12 months, prices have risen 3.2 per cent. That’s the biggest 12-month gain since October 2008.

Excluding volatile food and energy, prices ticked up 0.2 per cent and have risen only 1.3 per cent this year. That’s double the gain posted six months ago, but still below the level the Federal Reserve considers a healthy pace of inflation.

The cost of new and used cars, clothing, and medical care all increased, pushing up the core index. Car prices likely increased because of temporary parts shortages caused by the March 11 earthquake and tsunami in Japan. Most other prices were subdued.

Oil prices have fallen from their peak of $114 a barrel earlier this month to about $100 Friday. The prices of corn and other grains have also declined in recent days

Economists say gas and food prices should retreat later this year. High prices are likely slowing the economy in the April-June quarter, but growth should pick up in the second half of this year, they say.

“With commodity prices now dropping back, it looks like inflation is close to peaking,” said Paul Ashworth, chief U.S. economist for Capital Economics, who expects year-over-year inflation should climb to 3.5 per cent before dropping in the second half of the year.

Cary Leahey, an economist at Decision Economics, said yearly inflation figures should start to decline in the next several months, although core prices should continue to rise. The Federal Reserve won’t need to start raising interest rates until next year to keep inflation in check, he said.

Gas prices rose 3.3 per cent in April. That accounts for half last month’s increase. They have soared more than 33 per cent in the past year. Demand in fast-growing developing countries and political turmoil in the Middle East have caused oil prices to rise. Prices at the pump have since levelled off near $4, up $1.09 from last year.

Food prices increased 0.4 per cent last month. That’s half the previous month’s increase, which was the largest in nearly three years. The price of fresh vegetables fell. Dairy, meat, fish and eggs all rose.

Federal Reserve Chairman Ben Bernanke has said that the impact of higher food and gas prices should be temporary. The central bank has also said it is watching closely for any signs of inflation. Seven months ago, when the core index had risen only 0.6 per cent in a year, the Fed was more concerned about falling prices. The October reading was the smallest increase since the index began in 1957.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Friday the 13th Americans paid more for food and gas in April

VANCOUVER, BC – (May 13, 2011) Clearlease Reports U.S. consumers paid more for gas and food in April, pushing inflation to its highest level in two and a half years. But so far this month, inflationary pressures have begun to ease.

The Consumer Price Index increased 0.4 per cent in April, the Labor Department said. In the past 12 months, prices have risen 3.2 per cent. That’s the biggest 12-month gain since October 2008.

Excluding volatile food and energy, prices ticked up 0.2 per cent and have risen only 1.3 per cent this year. That’s double the gain posted six months ago, but still below the level the Federal Reserve considers a healthy pace of inflation.

The cost of new and used cars, clothing, and medical care all increased, pushing up the core index. Car prices likely increased because of temporary parts shortages caused by the March 11 earthquake and tsunami in Japan. Most other prices were subdued.

Oil prices have fallen from their peak of $114 a barrel earlier this month to about $100 Friday. The prices of corn and other grains have also declined in recent days

Economists say gas and food prices should retreat later this year. High prices are likely slowing the economy in the April-June quarter, but growth should pick up in the second half of this year, they say.

“With commodity prices now dropping back, it looks like inflation is close to peaking,” said Paul Ashworth, chief U.S. economist for Capital Economics, who expects year-over-year inflation should climb to 3.5 per cent before dropping in the second half of the year.

Cary Leahey, an economist at Decision Economics, said yearly inflation figures should start to decline in the next several months, although core prices should continue to rise. The Federal Reserve won’t need to start raising interest rates until next year to keep inflation in check, he said.

Gas prices rose 3.3 per cent in April. That accounts for half last month’s increase. They have soared more than 33 per cent in the past year. Demand in fast-growing developing countries and political turmoil in the Middle East have caused oil prices to rise. Prices at the pump have since levelled off near $4, up $1.09 from last year.

Food prices increased 0.4 per cent last month. That’s half the previous month’s increase, which was the largest in nearly three years. The price of fresh vegetables fell. Dairy, meat, fish and eggs all rose.

Federal Reserve Chairman Ben Bernanke has said that the impact of higher food and gas prices should be temporary. The central bank has also said it is watching closely for any signs of inflation. Seven months ago, when the core index had risen only 0.6 per cent in a year, the Fed was more concerned about falling prices. The October reading was the smallest increase since the index began in 1957.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk



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