US wholesale inflation remained fairly tame in April
CNN
US wholesale prices fell in April, according to new data released Thursday.
US wholesale prices fell in April, according to new data released Thursday. 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, while inflation slowed on an annual basis to 2.4%, from 2.9% in March, according to Bureau of Labor Statistics data. Economists were expecting monthly prices to rise by 0.2% and to slow to 2.4% on an annual basis from the initial estimate of 2.7%, according to FactSet. PPI serves as a potential bellwether for retail-level inflation in the months ahead. On Tuesday, the latest Consumer Price Index data showed that overall inflation cooled further for the goods and services Americans commonly purchase. However, President Donald Trump’s bevy of tariffs is widely expected to make items more expensive in the months to come and drive inflation higher. This story is developing and will be updated.
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