PPI data show wholesale prices rising but not enough to pose inflation risk
The numbers: The wholesale cost of U.S. goods and services rose slightly in February, mostly because of higher gasoline prices, but inflation more broadly showed little threat to the economy.
Wholesale inflation has risen a mild 1.9% in the past year. The yearly rate had touched a seven-year high of 3.4% last summer. There wasn’t much sign of inflation in the pipeline, either. The cost of partly finished goods have risen less than 1% in the past year and prices for raw materials are down almost 9% in the same span.Big picture: A sharp decline in gasoline prices and a slowing global economy doused inflation toward the end of 2018. Even the fastest wage increase in the U.S. in 10 years has done little to stoke inflation.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inflation perks up in February, CPI shows, but not enough to stop downward trend in pricesAmericans paid more for rent, food, gas and clothes in February, triggering the biggest increase in inflation in fourth months. But the cost of living more generally is still rising very slowly. The consumer price index climbed 0.2% in February.
Read more »
US wholesale inflation remained tame in FebruaryU.S. wholesale prices barely increased last month after falling for three straight months, a sign there is little inflation pressure in the economy.
Read more »
UK house prices show surprise spike higher in February - HalifaxBritish house prices showed their biggest monthly jump since at least the 1980s ...
Read more »
Futures slightly higher ahead of inflation dataU.S. stock index futures inched higher on Tuesday, taking cues from global stock...
Read more »
U.S. private job growth slows in February but January revised sharply higher: ADPU.S. companies hired 183,000 workers in February, falling short of analyst forec...
Read more »
Explainer: Does Islamic State still pose a threat?Islamic State looks about to lose its last foothold - on the banks of the Euphra...
Read more »
India and Pakistan: how much of a nuclear threat do they pose?For the first time in more then than 40 years, India and Pakistan attacked each other's territories. The confrontation between the two nuclear-armed nations sparked fears that the conflict may escalate.
Read more »
U.S. consumer prices rise; underlying inflation slowingU.S. consumer prices rose for the first time in four months in February, but the...
Read more »