WASHINGTON (AP) — U.S. wholesale prices ticked up just 0.2% in July, the latest sign that inflationary pressures are largely in check. The Labor Department said Friday that the producer price index — which measures price changes before they reach the consumer — increased 1.7% last month compared with a year ago, the same as June.Read more on NewsOK.com
Similar Stories to Us Wholesale Prices Rise Just 0.2% In July on Bing News
NewsOK.com RSS - business >> !The Oklahoman, Daily Oklahoman: Business
Fri, 08/09/2019 - 12:39am
BING NEWS:
- Stocks rise, dollar drifts ahead of US inflation report
Asian stocks rose on Wednesday while the dollar drifted lower as traders weighed mixed U.S. producer price data and braced for the crucial consumer price report later in the day that is likely to influence the Federal Reserve's near-term policy path.
05/14/2024 - 3:07 pm | View Link - Dollar slips after unexpected rise in US producer prices
The dollar edged lower on Tuesday following an unexpected increase in U.S. producer prices in April amid strong gains in the costs of goods and services, indicating inflation remained stubbornly high early in the second quarter.
05/14/2024 - 7:05 am | View Link - Rate cuts thrown into doubt by US inflation jump
US wholesale prices accelerated last month, according to fresh US government data, rising by more than expected and raising concerns about interest rate cuts. The rise provides yet more evidence that the US Federal Reserve’s fight against inflation is far from over,
05/14/2024 - 6:06 am | View Link - April’s Wholesale Prices Surge 0.5%, Surpassing Expectations
The unexpected rise in the PPI adds to the inflationary pressures facing the economy, potentially influencing the Fed’s monetary policy decisions.
05/14/2024 - 1:45 am | View Link - More
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