U.S. producer prices increased more than expected in September amid strong gains in the costs of services and goods, suggesting inflation could remain uncomfortably high for a while. The producer price index (PPI) for final demand rebounded 0.4% last month, the Labor Department said on Wednesday. Data for August was revised lower to show the […]
Tag: Wholesale Prices
U.S. wholesale inflation surges again — prices are up 10% in the past year
Wholesale prices rose a sharp 0.8% in February and signaled that the hottest U.S. inflation in 40 years is unlikely to cool off in the spring. Wall Street economists had forecast a 0.9% increase. The increase in wholesale prices over the past year stayed at 10% for the second month in a row, the government […]