Wholesale prices post unexpected decline of 0.1% in February; retail sales fall
Wholesale prices posted an unexpected decline in February, providing some encouraging news on inflation as the Federal Reserve weighs its next move on interest rates.
Published 3 months ago · Washington, United States
Associated Press News
Retail sales dip 0.4% in February after buying burst in Jan.
America’s consumers trimmed their spending in February after a buying burst in January, underscoring the volatility of the economic environment. The government said Wednesday that retail sales slipped 0.4% after
3 months ago·United StatesRead Full Article
US wholesale inflation fell last month on lower food costs
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Wholesale price increases in the United States slowed sharply last month as food costs declined, a sign that inflationary pressures may be easing. From January to February, the government’s producer price index fell 0.1%, after a 0.3% rise from December to January, which was revised sharply lower. Compared with a year ago, wholesale prices rose 4.6%, a big drop from the 5.7% annual inc…
3 months ago·Colorado Springs, United StatesRead Full Article
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