Latest news with #producerprices
Wall Street Journal
15 hours ago
- Business
- Wall Street Journal
Wholesale Inflation Undershot Forecasts in May
Wholesale inflation undershot expectations last month, according to a Labor Department report that came a day after a weaker-than-forecast reading on consumer prices. Producer prices rose 0.1% in May from April, below the 0.2% rise economists polled by The Wall Street Journal had expected. Over the past 12 months, the producer-price index rose 2.6%, slightly above April's revised figure.
Washington Post
2 days ago
- Business
- Washington Post
US producer prices rise modest 2.6% in May with inflationary pressures still mild
WASHINGTON — U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild. The Labor Department reported Thursday that its producer price index — which measures inflation before it its consumers — rose 2.6% in May 2024. Producer prices rose 0.1% from April to May after dropping 0.2% the month before.
Reuters
2 days ago
- Business
- Reuters
US producer prices rebound less than expected in May
WASHINGTON, June 12 (Reuters) - U.S. producer prices increased less than expected in May, restrained by lower costs for services like air fares. The producer price index for final demand rebounded 0.1% last month after a revised 0.2% decline in April, the Labor Department's Bureau of Labor Statistics said on Thursday. Economists polled by Reuters had forecast the PPI rising 0.2% after a previously reported 0.5% drop in April. In the 12 months through May, the PPI advanced 2.6% after rising 2.5% in April. Data on Wednesday showed consumer prices increased marginally in May, curbed by cheaper gasoline and airline fares amid cooling demand. But economists expect inflation will heat up in the second half of the year as tariffs-related price hikes filter through to goods. The Federal Reserve is expected to keep its benchmark overnight interest rate in the 4.25%-4.50% range next Wednesday. The U.S. central bank is expected to resume monetary policy easing in September.
Yahoo
10-05-2025
- Business
- Yahoo
China's consumer prices fall for third straight month in April
BEIJING (Reuters) -China's consumer prices fell for the third month in a row in April while producer deflation worsened, as policymakers navigate the economic impact of a trade war with the United States. The consumer price index edged down 0.1% last month from a year earlier, matching a 0.1% drop in March, National Bureau of Statistics data showed on Saturday. That also matched a Reuters poll forecast of a 0.1% dip. CPI was up 0.1% month-on-month versus the 0.4% fall in March and compared with economists' forecasts for no change in prices. The producer price index dropped 2.7% in April year on year, worsening from a 2.5% decline in March. Economists had projected a 2.8% fall. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
10-05-2025
- Business
- Reuters
China's consumer prices fall for third straight month in April
BEIJING, May 10 (Reuters) - China's consumer prices fell for the third month in a row in April while producer deflation worsened, as policymakers navigate the economic impact of a trade war with the United States. The consumer price index edged down 0.1% last month from a year earlier, matching a 0.1% drop in March, National Bureau of Statistics data showed on Saturday. That also matched a Reuters poll forecast of a 0.1% dip. CPI was up 0.1% month-on-month versus the 0.4% fall in March and compared with economists' forecasts for no change in prices. The producer price index dropped 2.7% in April year on year, worsening from a 2.5% decline in March. Economists had projected a 2.8% fall.
