US producer inflation trends higher; labor market remains stable
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 rates before the second half of the 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.
The consensus estimate is a 0.2% rise in the producer price index in January, which would match the increase in December.
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The nation’s biggest egg producer is raking in profits as shoppers get slammed with stratospheric prices — and it’s partly ...
While the PPI report was undeniably hot, the Personal Consumption Expenditures (PCE) price index came in softer.
The December figure marked a deceleration from monthly producer-price increases in November, when prices rose by 0.4% according to data published Tuesday by the Department of Labor. Economists ...
NEW YORK : The dollar slipped on Thursday after components of January’s producer price report pointed to lower inflation, and fell further after the White House said that reciprocal tariffs on other ...
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