Wholesale inflation in US further slowed in November to 7.4%
Headline from KOB 4
Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful sign that inflation pressures across the economy are continuing to cool. The latest year-over-year figure was down from 8% in October and from a recent peak of 11.7% in March.
KOB 4's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful sign that inflation pressures across the economy are continuing to cool. The latest year-over-year figure was down from 8% in October and from a recent peak of 11.7% in March.
Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful sign that inflation pressures across the economy are continuing to cool.
WASHINGTON (Reuters)—U.S. producer prices increased a bit more than expected in November, but the underlying trend in inflation is moderating, which could allow the Federal Reserve to slow its pace of interest rate hikes next week.
Inflation at the wholesale level increased faster than expected in November as producer prices remain stubbornly high, the Labor Department reported on Friday.
Inflation, as measured by producer wholesale prices, slowed to 7.4% for the year ending in November, according to a report Friday from the Bureau of Labor Statistics.
