US EditionUS wholesale prices rose 0.4% in January, more than expected
- US wholesale prices rose 0.4% in January, indicating higher inflation than predicted, according to the Bureau of Labor Statistics.
- The Producer Price Index saw a 3.5% increase compared to last year, exceeding expectations of 3.2%, the Labor Department reported.
- Core wholesale prices, excluding food and energy, rose by 3.6%, highlighting ongoing inflation pressures, according to the Labor Department.
- Hotel and motel prices rose by 5.7%, and diesel fuel prices increased by 10.4%, contributing to wholesale inflation, as noted by the Labor Department.
28 Articles
28 Articles
By Alicia Wallace, CNN Wholesale inflation in the United States remained stubbornly elevated last month, another sign that even higher prices could be on the way for American shoppers. The Producer Price Index (PPI), which measures average price changes seen by producers and manufacturers, rose 0.4% on the month and 3.5% in the 12-month period ending in January. The figure was flat from December, which was revised up to 3.5%, according to data f…
US producer prices rise slightly above expectations in January
U.S. producer prices increased solidly in January, offering more evidence inflation was picking up again and strengthening financial market views that the Federal Reserve would not be cutting interest rates before the second half of the year.The producer price index for final demand rose 0.4% last month after an upwardly revised 0.5% gain in December, the Labor Department's Bureau of Labor Statistics (BLS) said on Thursday. Economists polled by …
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