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.
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.
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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 ...
A gauge of wholesale prices rose more than expected in January, with the producer price index increasing 0.4% for the month, ...
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U.S. wholesale prices came in hotter than expected last month at a time when progress against inflation appears to have stalled, undercutting expectations for lower interest rates this year ...
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The U.S. dollar jumped on Wednesday after data showed that consumer prices rose more than economists expected in January, ...
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