US Inflation News Gets Worse as Wholesale Prices Jump
The producer price index for final demand climbed 0.4% from a month earlier, and that after an upwardly revised 0.5% increase in December, the Bureau of Labor Statistics said Thursday. The data on wholesale prices comes just a day after a consumer price index report showed underlying inflation at its highest in more than a year.
US Inflation Shot Up More Than Expected In January's Producer Price Index
In January, a 10.4% increase in the index for diesel fuel was a major factor in the advance in prices for final-demand goods. The indexes for chicken eggs, beef and veal, gas fuels, jet fuel, and communication and related equipment also moved higher.
U.S. producer prices increased solidly in January, offering more evidence inflation was picking up again and strengthening ...
US wholesale inflation remained stubbornly elevated last month, another sign that even higher prices could be ahead for ...
The producer price index for final demand rose 0.4% last month after an upwardly revised 0.5% gain in December, the Bureau of Labor Statistics said on Thursday.
U.S. producer prices increased solidly in January, offering more evidence inflation was picking up again and strengthening financial market views that the Federal Reserve would not be cutting interest ...
The Producer Price Index for final demand increased 0.4 percent in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.5 percent in December ...
U.S. wholesale prices came in hotter than expected last month at a time when progress against inflation appears to have stalled, undercutting expectations for lower interest rates this year ...
U.S. import prices increased slightly less than expected in January as a surge in the cost of fuels was partially offset by ...
U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining around 0.2% on Thursday. Following the market opening Thursday, the Dow traded up 0.09% to 44,407.78 while the NASDAQ ...
Wall Street’s main indexes opened higher on Thursday (Feb 13) as investors parsed the latest producer prices data, while the ...
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