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US wholesale prices see biggest monthly fall since April 2020
The Producer Price Index, a closely watched measurement of wholesale inflation, showed Thursday that the prices paid to US producers dropped 0.5% in April from the month before, a much softer reading than economists expected, and the biggest monthly drop since April 2020, when Covid stifled the economy.
U.S. wholesale prices post biggest drop in five years
The producer price index — which tracks inflation before it reaches consumers — dropped 0.5% last month from March, marking the first decline since October 2023 and the largest in five years. Compared with a year earlier, producer prices rose 2.4% in April, down from a 3.4% annual increase in March, the U.S. Labor Department said Thursday.
U.S. producer prices unexpectedly fell in April as the cost of services declined by the most since 2009, pulled down by ...
US wholesale prices sank in April, logging their biggest monthly drop since Covid stifled the economy, as tariffs put a ...
Grocery store prices overall declined more in April than they have since September 2020, shortly before Joe Biden took office ...
WASHINGTON (Reuters) -U.S. retail sales growth slowed in April as the boost from households front-loading motor vehicle ...
The average price for a dozen Grade A eggs declined to $5.12 last month after reaching a record $6.23 in March, according to ...
President Donald Trump has some historically low approval ratings, but they are getting better after he has eased up on ...
American consumers, battle-scarred by the pandemic and the subsequent surge in inflation, are already changing their spending ...
JPMorgan on Tuesday lowered its odds of a recession this year from 60% to below 50%, meaning the U.S. is more likely to grow ...
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