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US wholesale inflation accelerated in November in sign that some price pressures remain elevatedInflation in consumer prices has plummeted from a four-decade high 9.1% in June 2022. Yet despite having reached relatively low levels, it has so far remained persistently above the Fed’s 2% target.
Excluding volatile food and energy prices, so-called core wholesale inflation fell 0.1% from February, the first drop since July. Compared with a year earlier, core producer prices rose 3.3% and ...
What Bloomberg Economics Says: “Why is consumer price inflation so moderate even though the costs of tariffs have been borne mostly by the US side ... light on evolving wholesale cost pressures.
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US Wholesale Inflation Accelerated in NovemberInflation in consumer prices has plummeted from a four-decade high 9.1% in June 2022. Yet despite having reached relatively low levels, it has so far remained persistently above the Fed’s 2% target.
Wholesale inflation as measured by the producer price index fell by 0.4% in March and declined for the first time in 17 months, helped by a sharp drop in oil prices.
WASHINGTON (AP) — A closely watched inflation gauge cooled last month ... At the same time, consumers accelerated their spending, potentially in an effort to get ahead of the duties.
WASHINGTON (Reuters) -U.S. wholesale inventories increased slightly less than initially estimated in March amid decreases in the stocks of electrical, lumber, apparel and farm products.
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