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.
CNBC's Rick Santelli joins 'Squawk Box' to break down January's producer price index (PPI) and weekly jobless claims data.
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.
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 ...
US wholesale prices picked up in January on higher food and energy costs, highlighting only limited progress on inflation ...
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 ...
After the headlines crossed the screens, the Greenback depreciated sharply against a basket of six currencies known as the US ...
Wall Street’s main indexes opened higher on Thursday (Feb 13) as investors parsed the latest producer prices data, while the ...
Americans are facing higher costs. Trump was elected on promises to lower prices for inflation-weary consumers and high ...
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