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.
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.
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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 ...
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U.S. stock futures steadied on Thursday as investors awaited PPI data to gauge the Federal Reserve's interest-rate path after ...
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