WASHINGTON (AP) — Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war keep costs elevated. The Labor Department’s ...
US inflation at the wholesale level accelerated last month, as the war with Iran pushed up energy prices. The Producer Price Index, which tracks price changes received by US producers and ...
The producer price index, a measure of wholesale prices and a gauge of pipeline cost pressures, rose 0.4%, in line with expectations. Core PPI was up 0.2%, slightly softer than the forecast. On an ...
US producer prices rose 0.4% in August while annual inflation reached 5.4%. Energy costs drove the increase and traders raised the odds of a Federal Reserve rate hike.
Sept. 10 (UPI) --Wholesale prices in the United States rose by a seasonally adjusted 0.4% for the month of August, meeting expectations, the U.S. Bureau of Labor Statistics reported Thursday. Annual ...