Wholesale price increases in the United States slowed sharply last month as food and energy costs declined.
Stephanie Herbig, the owner of the boutique Cheeky Bird, works at the business in Kansas City, Mo., on Tuesday, March 14, 2023. A drop in shipping costs could help Herbig. High inflation forced her to reduce the number of items she imports from overseas because the cost of that is a lot higher.
Excluding volatile food and energy costs, so-called core wholesale prices were unchanged from January to February. The core measure can provide a better read of longer-term inflation trends. Compared with a year ago, core prices rose 4.4%, down from a 5% annual increase in January and a 5.8% rise in December.
The producer price data reflects prices charged by manufacturers, farmers and wholesalers, and it flows into an inflation gauge that the Federal Reserve closely tracks. It can provide an early sign of how fast consumer inflation will rise.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD eases amid firmer yields, United States, China statistics eyedGold price (XAU/USD) extends the previous day’s pullback from a five-week high as it drops to $1,901 during early Wednesday. In doing so, the bright m
Read more »
Mexican president says his country safer than United StatesMexico's president has claimed that his country is safer than the United States, a week after two U.S. citizens were killed and two kidnapped in the border city of Matamoros. mexico us kprc2 click2houston
Read more »
Mexican president says his country safer than United StatesMEXICO CITY (AP) — Mexico’s president claimed Monday that his country is safer than the United States, a week after two U.S. citizens were killed and two kidnapped and later rescued in the border city of Matamoros.
Read more »
Mexican president says his country safer than United StatesMexico's president has claimed that his country is safer than the United States, a week after two U.S. citizens were killed and two kidnapped in the border city of Matamoros.
Read more »
Mexican president says his country is safer than United StatesCurrently, the U.S. State Department has “do not travel” advisories for six of Mexico’s 32 states plagued by drug cartel violence, and “reconsider travel” warnings for another seven states.
Read more »
Child Labor Is Still Common in the United StatesChild labor is not a relic of the past. For Teen Vogue, filossofee investigates the glaring violations and inconsistencies of child labor laws that are putting young people across the country at risk in more ways than one. ⬇️
Read more »