Tags: producer | prices | wholesale | energy | gas

US Wholesale Prices Rise 0.6 Percent, Lifted by Gas Costs

US Wholesale Prices Rise 0.6 Percent, Lifted by Gas Costs
(David Watmough/Dreamstime)

Thursday, 11 April 2019 08:59 AM

U.S. wholesale prices increased in March by the most since last fall, driven largely by more expensive gas and electricity.

The Labor Department said Thursday that the producer price index, which measures price changes before they reach consumers, rose 0.6% in March after falling in three of the previous four months. Wholesale prices rose 2.2% from last year. Excluding the volatile food and energy categories, core wholesale prices rose 0.3% in March and 2.4% compared with a year ago.

The figures suggest that inflation is largely in check, a trend that has enabled the Federal Reserve to pull back from last year's steady rate hikes. Fed policymakers suggested at their most recent meeting in March that they did not expect to hike short-term rates for the rest of this year.

© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


   
1Like our page
2Share
Economy
U.S. wholesale prices increased in March by the most since last fall, driven largely by more expensive gas and electricity.
producer, prices, wholesale, energy, gas
130
2019-59-11
Thursday, 11 April 2019 08:59 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved