Wholesale price inflation slows last month as gas, food costs fall
Headline from WHEC Rochester
Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation could grind lower in the months ahead. The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 4.
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Inflation, as measured by the producer price index, fell eight-tenths of a percentage point to 4.7% for the year ending in July, the Bureau of Labor Statistics reported on Thursday. Economists have been closely examining PPI reports and other inflation reports amid the war with Iran and concerns tha…
By Alicia Wallace, CNN (CNN) — Businesses’ costs aren’t rising as fast as they have been in recent months, an indication that price hikes could slow for consumers in the months ahead.The Producer Price Index, which tracks prices changes for producers and manufacturers, increased 4.
Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation could grind lower in the months ahead. The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 4.
Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation could grind lower in the months ahead.
