News10NBC on Nostr: US wholesale inflation picked up in June in sign that some price pressures remain ...
US wholesale inflation picked up in June in sign that some price pressures remain elevated
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Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, the sharpest year-over-year increase since March 2023. The producer price index rose 0.2% from May to June, while core wholesale prices were up 0.4% from May and 3% from June 2023. The increase in wholesale prices indicates that some inflation pressures remain high, despite other price indicators showing that inflation has continued to ease. The producer price index can provide an early sign of where consumer inflation is headed. The recent price figures suggest a continued slowdown in inflation, but the costs of food, rent, healthcare, and other necessities remain higher than before the pandemic. The US economy remains steady, with hiring increasing and unemployment remaining low.
#Inflation #WholesalePrices #Economy #ConsumerInflation #FederalReserve #InterestRates #BorrowingCosts
https://www.whec.com/national-world/us-wholesale-inflation-picked-up-in-june-in-sign-that-some-price-pressures-remain-elevated-2/
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Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, the sharpest year-over-year increase since March 2023. The producer price index rose 0.2% from May to June, while core wholesale prices were up 0.4% from May and 3% from June 2023. The increase in wholesale prices indicates that some inflation pressures remain high, despite other price indicators showing that inflation has continued to ease. The producer price index can provide an early sign of where consumer inflation is headed. The recent price figures suggest a continued slowdown in inflation, but the costs of food, rent, healthcare, and other necessities remain higher than before the pandemic. The US economy remains steady, with hiring increasing and unemployment remaining low.
#Inflation #WholesalePrices #Economy #ConsumerInflation #FederalReserve #InterestRates #BorrowingCosts
https://www.whec.com/national-world/us-wholesale-inflation-picked-up-in-june-in-sign-that-some-price-pressures-remain-elevated-2/