U.S. wholesale prices came in hotter than expected last month with progress against inflation appearing to have stalled, ...
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MT Newswires on MSNJanuary Producer Prices Grow More Than Market ExpectationsProducer price growth rose more than Wall Street's expectations last month as wholesale costs of goods increased amid a jump in diesel fuel, the Bureau of Labor Statistics reported Thursday. The US ...
The hotter-than-expected wholesale inflation came just a day after data showed consumer prices rose more than anticipated.
Key Takeaways The Producer Price Index showed wholesale inflation was up 3.5% year-over-year in January, and higher by 0.4% ...
U.S. wholesale prices came in hotter than expected last month with progress against inflation appearing to have stalled, further undercutting expectations for lower interest rates this year.
US wholesale inflation remained stubbornly elevated last month, another sign that even higher prices could be ahead for ...
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