PPI report shows surge in U.S. wholesale prices
The numbers: The wholesale cost of U.S. goods and services surged in March, but almost all of the increase reflected the higher cost of gas. Evidence of rising inflation was otherwise largely absent.
Yet another measure of wholesale costs known as core PPI, which strips out volatile food and energy prices, was flat on the month. The 12-month rate of inflation as measured by core PPI, meanwhile, slipped to 2% from 2.3%. That’s the lowest level in almost a year and a half.Big picture: Inflation has waned after a big runup in the first half of last year despite rising wages and higher prices for certain goods due to U.S. tariffs. The low level of inflation has prompted the Federal Reserve to cancel prior plans to raise interest rates this year.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
China March inflation figures come in roughly in line with expectationsChina's producer price index (PPI) in March rose 0.4 percent from a year ago and was 0.1 percent higher from February, according to the country's National Bureau of Statistics.
Weiterlesen »
Higher gas prices boost cost of living in March, but inflation still soft, CPI showsAmericans paid more for gas and rent in March, but inflationary pressures more broadly were muted in the U.S. economy. The consumer price index jumped 0.4%...
Weiterlesen »
U.S. employment report points to growing economy, tame inflationU.S. employment growth accelerated from a 17-month low in March as milder weather boosted hiring in certain sectors via ReutersTV
Weiterlesen »
U.S. consumer prices rise solidly; but underlying trend tameU.S. consumer prices increased by the most in 14 months in March, but the underl...
Weiterlesen »
Inflation could be a problem for India as surging oil prices and monsoon fears take holdThe risk of higher inflation could become a looming concern for India, experts say, as surging oil prices and monsoon fears come into play.
Weiterlesen »
Oil prices dip on surging U.S. crude stockpilesOil prices fell on Thursday after U.S. crude stockpiles surged to their highest ...
Weiterlesen »
Oil prices fall on surging U.S. crude supply, economic slowdownOil prices fell on Thursday, pressured as U.S. crude stockpiles surged to their ...
Weiterlesen »
Oil prices slip on economic worries, surging U.S. crude supplyOil prices were dragged down on Thursday by surging U.S. crude stockpiles and re...
Weiterlesen »