US wholesale inflation fell last month on lower food costs
1 year, 9 months ago

US wholesale inflation fell last month on lower food costs

Associated Press  

WASHINGTON — Wholesale price increases in the United States slowed sharply last month as food and energy costs declined, a sign that inflationary pressures may be easing as the Federal Reserve considers whether to keep raising interest rates to fight higher prices. A significant driver of last month’s wholesale inflation slowdown was a huge drop in the prices of eggs, which plummeted 36.1% just in February. Wednesday’s wholesale figures follow a report Tuesday on consumer prices that showed that inflation is still rising faster than the Fed would prefer. Core prices, which exclude volatile food and energy costs and are seen as a better gauge of long-term inflation, rose 0.5% from January to February, the highest such rate since September.

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History of this topic

US Fed’s preferred inflation yardstick edges higher by 2.4% in November, stays within Wall Street estimates
3 days, 8 hours ago

US Fed’s preferred inflation yardstick edges higher by 2.4% in November, stays within Wall Street estimates

Live Mint  

The US Federal Reserve's preferred inflation measure rose for a second straight month in November by 2.4 per cent, yet stayed within Wall Street estimates. The US Commerce Department's data showed on Friday that the personal consumption expenditures price index rose 2.4 per cent year-on-year in the 12 months to November, up from 2.3 per cent in October. At 2.4 …

Where inflation accelerated in November – and where it eased
5 days, 11 hours ago

Where inflation accelerated in November – and where it eased

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Some products swung the other way last month, from …

India’s WPI Inflation Drops to 1.89 Percent in November on Food Prices
1 week ago

India’s WPI Inflation Drops to 1.89 Percent in November on Food Prices

Deccan Chronicle  

New Delhi: With the decline of prices of food items, especially vegetables and onions, India’s wholesale price index or WPI-based inflation fell to a three-month low of 1.89 per cent in November, down from 2.36 per cent in October, while the WPI-based inflation stood at 0.39 per cent in November last year, the government data showed on Monday. As per …

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October
Trending News
1 week ago

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October

Firstpost  

Headline retail inflation, the key target for the Reserve Bank of India’s monetary policy decisions, eased to 5.48% in November, down from 6.21% in the prior month India’s wholesale inflation slowed in November to 1.89% year-on-year, easing from the previous month, due to a smaller increase in food prices, government data showed on Monday. The wholesale inflation rate, a proxy …

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%
Trending News
1 week ago

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%

The Hindu  

India’s wholesale prices rose at a three-month low pace of 1.89% in November, easing from October’s 2.4% uptick, with food price inflation decelerating to 8.9% from a 25-month high of 11.6% in the previous month, even as manufactured products’ inflation accelerated to 2%. EDITORIAL | Price worries: On inflation Among manufactured products, some of the important groups that showed month-over-month …

Food prices are on the rise again. What’s behind the increase
1 week, 2 days ago

Food prices are on the rise again. What’s behind the increase

CNN  

Rochester, Minnesota CNN — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023. “Overall grocery price inflation is relatively tame; it’s essentially in line with where …

US wholesale inflation accelerated in November in sign that some price pressures remain elevated
1 week, 4 days ago

US wholesale inflation accelerated in November in sign that some price pressures remain elevated

Associated Press  

WASHINGTON — Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% …

Retail inflation slows slightly at 5.48%
1 week, 4 days ago

Retail inflation slows slightly at 5.48%

Hindustan Times  

Retail inflation rose to 5.48% last month, a slower pace of increase compared to 6.21% in October, data from the Ministry of Statistics and Programme Implementation showed on Thursday. Despite the slowing pace of growth in prices, the Consumer Price Index-based rate of retail inflation stayed above the Reserve Bank of India’s 4% tolerance level, with two percentage points of …

US wholesale inflation surged higher in November
Trending News
1 week, 5 days ago

US wholesale inflation surged higher in November

CNN  

CNN — US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. A closely watched gauge of underlying wholesale inflation grew more modestly and a chunk of November’s increase could be attributed to a spike in egg prices as a deadly bird flu ripples through …

U.S. wholesale inflation accelerated in November, a sign that some price pressures remain
1 week, 5 days ago

U.S. wholesale inflation accelerated in November, a sign that some price pressures remain

LA Times  

Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% last month …

US inflation rose for second straight month: What are the challenges for Trump now?
1 week, 5 days ago

US inflation rose for second straight month: What are the challenges for Trump now?

Firstpost  

President-elect Donald Trump has made tackling inflation and reducing the cost of living a cornerstone of his campaign. However, the recent uptick in inflation suggests the road ahead may be more complex than anticipated Inflation in the United States ticked up for the second consecutive month in November. The consumer price index, a key measure of inflation, rose to 2.7 …

US inflation ticked up last month as some price pressures remain persistent
Trending News
1 week, 5 days ago

US inflation ticked up last month as some price pressures remain persistent

Associated Press  

WASHINGTON — Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major …

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead
1 week, 6 days ago

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead

CNN  

CNN — Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. “We have some PTSD around egg prices from the pandemic and certainly lingering avian flu outbreaks; but those prices being up almost 40% year over year certainly is another thing people will look at in …

Rising costs of used cars and groceries push US inflation higher in November
1 week, 6 days ago

Rising costs of used cars and groceries push US inflation higher in November

India Today  

WASHINGTON: Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major source …

U.S. inflation ticked up last month as some price pressures persist
1 week, 6 days ago

U.S. inflation ticked up last month as some price pressures persist

LA Times  

Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major source of …

US wholesale inflation picks up slightly in sign that some price pressures remain elevated
1 month, 1 week ago

US wholesale inflation picks up slightly in sign that some price pressures remain elevated

Associated Press  

WASHINGTON — Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday’s report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.2% from September to October, up from a 0.1% gain the month …

Wholesale inflation rises to 2.36 per cent in October mirroring retail figures, food costs up 11.59 per cent
1 month, 1 week ago

Wholesale inflation rises to 2.36 per cent in October mirroring retail figures, food costs up 11.59 per cent

India TV News  

In line with the uptick in retail inflation, wholesale inflation in India too witnessed a sharp spike in October. The annual rate of inflation based on all India Wholesale Price Index number is 2.36 per cent for the month of October, 2024. For food index, which has 24.38 per cent weightage, the rate of wholesale inflation was at 11.59 per …

Wholesale inflation heated up again last month, reversing recent progress
1 month, 1 week ago

Wholesale inflation heated up again last month, reversing recent progress

CNN  

CNN — US wholesale inflation picked up more than expected in October, indicating that some price pressures persist at the producer level. The Producer Price Index, a measurement of average price changes seen by producers and manufacturers, rose 0.2% on a monthly basis and 2.4% for the 12 months ended in October, marking an acceleration from September, when prices ticked …

US inflation may have picked up in October after months of easing
Trending News
1 month, 1 week ago

US inflation may have picked up in October after months of easing

Associated Press  

WASHINGTON — Annual inflation may have risen in October for the first time in seven months, a sign that price increases might be leveling off after steadily cooling for more than two years. From September to October, core prices are expected to have risen 0.3% for a third straight month — a pace that, if sustained, would exceed the Federal …

U.S. inflation rose slightly last month after 2 years of steady cooling but remained low
1 month, 1 week ago

U.S. inflation rose slightly last month after 2 years of steady cooling but remained low

LA Times  

Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021. Consumer inflation, which peaked at 9.1% in 2022, has since fallen steadily, though overall prices are still about 20% higher than they …

India’s 14-month high retail inflation fades hope of December rate cut
Trending News
1 month, 1 week ago

India’s 14-month high retail inflation fades hope of December rate cut

Live Mint  

New Delhi: India’s retail inflation accelerated in October to its highest in over a year largely due to heated food prices, tempering expectations of a rate cut when the central bank’s monetary policy panel meets early next month. India’s retail inflation also breached the Reserve Bank of India’s medium-term target of 2-6% for the first time in over a year—which, …

Inflation gauge closely watched by the Fed falls to lowest level since early 2021
1 month, 3 weeks ago

Inflation gauge closely watched by the Fed falls to lowest level since early 2021

LA Times  

As a presidential race profoundly shaped by Americans’ frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels. Inflation peaked at 7.1% in June 2022 after the economy had accelerated out of the pandemic recession at a time of severe shortages of parts …

Wholesale Inflation in August Declines
3 months ago

Wholesale Inflation in August Declines

Deccan Chronicle  

New Delhi: With the reduction in the prices of manufactured products as well as some food items, India’s wholesale price index or WPI-based inflation for August softened to a 4-month low of 1.31 per cent on an annual basis as compared to 2.04 per cent in July, while it was 0.46 per cent in August last year. “Inflation in manufactured …

US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates
3 months, 1 week ago

US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates

Hindustan Times  

The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week. Excluding volatile food and energy costs, so-called core prices rose 3.2% in August from a year ago, the same as in July. A key reason for last month's drop …

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
3 months, 1 week ago

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

LA Times  

Wednesday’s report from the Labor Department showed that consumer prices rose 2.5% in August from a year earlier, down from 2.9% in July. The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week. Excluding volatile food and energy costs, …

Inflation likely stayed low last month as Federal Reserve edges closer to cutting rates
4 months, 1 week ago

Inflation likely stayed low last month as Federal Reserve edges closer to cutting rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. For months, cooling inflation has …

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates
4 months, 1 week ago

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates

LA Times  

A sale sign is displayed on a store clothes rack. Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from June to July after dropping slightly the previous month for the first time in four years. At a news conference last month, Powell said that cooler inflation data this spring had strengthened the Fed’s confidence that …

Retail Inflation Declines to 59-month Low of 3.54 Per Cent in July
4 months, 1 week ago

Retail Inflation Declines to 59-month Low of 3.54 Per Cent in July

Deccan Chronicle  

New Delhi: With the significant easing of food prices, consumer retail inflation declined to a 59-month low of 3.54 per cent in July, showing below the central bank’s targeted 4 per cent for the first time in nearly 5 years, while India’s industrial output slowed to a five-month low of 4.2 per cent in June 2024, mainly due to poor …

Fed’s preferred inflation gauge cools, adding to likelihood of a September rate cut
4 months, 3 weeks ago

Fed’s preferred inflation gauge cools, adding to likelihood of a September rate cut

Associated Press  

WASHINGTON — The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September. Excluding volatile food and energy prices, so-called core inflation rose 0.2% from May to June, up from the previous month’s 0.1%. Lower interest rates and weaker …

Wholesale Inflation Hits 16-Month High
5 months, 1 week ago

Wholesale Inflation Hits 16-Month High

Deccan Chronicle  

New Delhi: With the increase in prices of food articles, especially vegetables and other food products, crude petroleum & natural gas, and mineral oils among others, the wholesale price surged to a 16-month high of 3.36 per cent in the month of June from 2.61 per cent in May this year. As per the data, inflation in food articles rose …

Wholesale price inflation rises to 3.36% in June, highest in 16 months
5 months, 1 week ago

Wholesale price inflation rises to 3.36% in June, highest in 16 months

The Hindu  

Inflation in India’s wholesale prices accelerated to 3.4% in June, the highest in 16 months, from 2.6% in May, led by a spike in food inflation to 8.7% and a near-doubling in the rise of manufactured products prices to 1.43%. Pricier vegetables, cereals, and fruits spurred the rise in food prices paid by Indian consumers to a six-month high of …

US wholesale inflation picked up in June in sign that some price pressures remain elevated
5 months, 1 week ago

US wholesale inflation picked up in June in sign that some price pressures remain elevated

Associated Press  

WASHINGTON — Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain high. The Labor Department said Friday that its producer price index — which tracks inflation before it reaches consumers — rose 0.2% from May to June after being unchanged the month before. The increase …

Food prices are no longer rising as much — but here's why it might not feel that way
5 months, 1 week ago

Food prices are no longer rising as much — but here's why it might not feel that way

NPR  

Food prices are no longer rising as much — but here's why it might not feel that way toggle caption Justin Sullivan/Getty Images North America Grocery prices are no longer climbing as much as they did in the last two years — but many Americans are still frustrated by what it costs to put food on the table. Here are …

US inflation cools again, potentially paving way for Fed to cut interest rates soon
5 months, 1 week ago

US inflation cools again, potentially paving way for Fed to cut interest rates soon

New Indian Express  

WASHINGTON: Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve. In a better-than-expected report, consumer prices declined 0.1% from May to June after having remained flat the previous month, the Labor …

India inflation seen up in June due to soaring vegetable prices: Reuters poll
5 months, 1 week ago

India inflation seen up in June due to soaring vegetable prices: Reuters poll

Hindustan Times  

By Vivek Mishra India inflation seen up in June due to soaring vegetable prices: Reuters poll BENGALURU - India consumer price inflation probably edged up in June, snapping five months of declines, largely because of a jump in vegetable prices caused by the damage to crops wrought by extreme weather, according to a Reuters poll of economists. The July 5-9 …

Federal Reserve’s preferred inflation gauge shows price pressures easing further
5 months, 3 weeks ago

Federal Reserve’s preferred inflation gauge shows price pressures easing further

Associated Press  

WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease. Excluding volatile food and energy prices, so-called core inflation rose 0.1% from April to May, the smallest increase since the spring of 2020, when the pandemic erupted and shut down the economy. The presumptive …

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year
6 months, 3 weeks ago

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year

LA Times  

A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Inflation fell sharply in the second half of last year before sticking well above the Fed’s 2% target in the first few months of 2024. Friday’s report also showed …

Egg and milk prices fall, fueling hope for interest rate cuts
7 months, 1 week ago

Egg and milk prices fall, fueling hope for interest rate cuts

NPR  

Egg and milk prices fall, fueling hope for interest rate cuts Enlarge this image toggle caption Justin Sullivan/Getty Images Justin Sullivan/Getty Images Inflation slowed last month, offering a note of relief to cash-strapped shoppers after three months of bigger-than-expected price increases. "Core" inflation, which strips out volatile food and energy prices, was 3.6% in April — the lowest reading in …

Fed’s Powell downplays potential for a rate hike despite higher price pressures
7 months, 1 week ago

Fed’s Powell downplays potential for a rate hike despite higher price pressures

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again. “I think it’s more likely that we’ll be at a place where we hold the policy rate where it …

Wholesale price increases accelerated in April as inflation remains sticky
7 months, 1 week ago

Wholesale price increases accelerated in April as inflation remains sticky

Associated Press  

WASHINGTON — U.S. wholesale prices rose sharply last month, a sign that inflation pressures remain stubbornly high after three elevated readings in consumer prices to start the year. The Labor Department said Tuesday that its producer price index — which tracks price changes before they reach consumers — climbed 0.5% from March to April, after it dipped 0.1% the previous …

India's wholesale inflation rises to 13-month high of 1.26 per cent in April
7 months, 1 week ago

India's wholesale inflation rises to 13-month high of 1.26 per cent in April

India TV News  

Wholesale inflation: India's wholesale inflation in India, based on the Wholesale Price Index, surged to 1.26 per cent in April on an annual basis, marking a notable increase from the 0.53 per cent recorded in March and reaching a 13-month high, data from the Commerce Ministry on Tuesday showed. Wholesale inflation saw a second consecutive month of increase in April, …

How the rate of inflation has changed for everyday items
8 months ago

How the rate of inflation has changed for everyday items

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation fell to a fresh …

Wholesale price inflation rises to three-month high of 0.53% in March
8 months, 1 week ago

Wholesale price inflation rises to three-month high of 0.53% in March

The Hindu  

India’s wholesale price inflation rose to a three-month high of 0.53% in March from 0.2% in February, with the food index rising 4.65%, primarily led by cereals prices surging at a 12-month high pace even as the inflation in paddy, potato and onions accelerated. For the full year 2023-24, wholesale prices remained in deflationary mode, averaging -0.7%, the lowest pace …

Inflation drops to 10-month low in March 2024, but no relief on food bills yet
8 months, 1 week ago

Inflation drops to 10-month low in March 2024, but no relief on food bills yet

The Hindu  

India’s retail inflation moderated to a ten-month low of 4.85% in March from 5.1% in February, but food inflation remained sticky at 8.52%, little changed from the 8.66% recorded in the previous month as price rise accelerated in cereals and meat, while vegetables, pulses, spices and eggs remained in double-digit inflation. Even as crude oil prices are firming up and …

US consumer inflation grows more than expected in March, Fed rate cut looms
8 months, 1 week ago

US consumer inflation grows more than expected in March, Fed rate cut looms

Hindustan Times  

US consumer price increases remained high in March owing to gas, rents, and car insurance, the government said in a report. The numbers could put a affect when Fed weighs in on rate cuts and by how much interest rates are brought down this year. Overall consumer prices rose 0.4% from February to March and compared with 12 months earlier, …

An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually
8 months, 3 weeks ago

An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually

Associated Press  

WASHINGTON — A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease. The government reported Friday that prices rose 0.3% from January to February, decelerating from a 0.4% increase the previous month in a potentially encouraging trend for President Joe Biden’s re-election bid. Excluding volatile food …

US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate
8 months, 3 weeks ago

US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate

Associated Press  

WASHINGTON — The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said Thursday in an upgrade from its previous estimate. But last quarter’s growth was still a solid performance, coming in the face of higher interest rates and powered by growing consumer spending, exports and business investment in buildings and software. In the …

High food prices prevent swifter fall in inflation to 4% target, says RBI bulletin
9 months ago

High food prices prevent swifter fall in inflation to 4% target, says RBI bulletin

Live Mint  

Food price pressures are deterring a swifter fall in headline inflation towards the target of 4 per cent, the Reserve Bank of India said in its monthly bulletin for March 2024, released on Tuesday. “Even as inflation is on the ebb with broad-based softening of core inflation, the repetitive incidence of short amplitude food price pressures deters a swifter fall …

US wholesale prices picked up in February in sign that inflation pressures remain elevated
9 months, 1 week ago

US wholesale prices picked up in February in sign that inflation pressures remain elevated

Associated Press  

WASHINGTON — Wholesale prices in the United States accelerated again in February, the latest sign that inflation pressures in the economy remain elevated and might not cool in the coming months as fast as the Federal Reserve or the Biden administration would like. The Labor Department said Thursday that its producer price index — which tracks inflation before it reaches …

Wholesale price index eases marginally to 0.2% in Feb
9 months, 1 week ago

Wholesale price index eases marginally to 0.2% in Feb

Live Mint  

India’s wholesale price-based inflation eased marginally to 0.2% in February from 0.27% in January, but continued to be in positive territory for the fourth month in a row. The February inflation data was in line with expectations, as prices of essential commodities like fuel, power and manufactured goods declined even as food prices and crude rose slightly compared with the …

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