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.
Rising wholesale prices confirm the Fed's assault on inflation has been halted. For now.
Wholesale prices surged in January, just as consumer prices did, in another blow to the Fed's effort to defeat inflation. January is a tough month to get a read on inflation because many companies raise prices at the start of each year,
The producer price index was expected to increase 0.3% in January, according to the Dow Jones consensus forecast.
The producer price index jumped 0.4% in January, a mark that's higher than expected and possibly another indicator that ...
Wholesale Producer Price Index inflation in the United States rose 0.4% in January, according to a Thursday Bureau of Labor ...
On Friday, average wholesale prices for large, white shell eggs reached $8 a dozen, beating the previous record by a large ...
1don MSN
Wholesale prices rose sharply in January, in another sign of lingering inflationary pressures in the economy that will keep high U.S. interest rates from falling much anytime soon.
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