Mounting services costs drove up US wholesale inflation in April, with the annual measure hitting its fastest pace in five years, the Labor Department reported Thursday. The figures pointed to a rebound in price pressures after a contraction in March, which the Federal Reserve had said was likely only transitory. The Producer Price Index, which … Read more
US wholesale inflation fell slightly in March but the annual measure hit its fastest pace in five years, the Labor Department reported Thursday. While analysts had been expecting a monthly slowdown, the longer-term results reflected persistent upward pressures in the cost of goods, which can filter through to prices consumers pay. The Producer Price Index, … Read more
The Producer Price Inflation (PPI) rate for December 2016 was 4.9 percent This rate represents a 7.0 percentage point decrease in producer inflation relative to the rate recorded in November 2016 (11.9%). This rate indicates that, the year-on-year PPI increased by 4.9 percent. But the month-on-month change in producer price index between November and December … Read more