US producer prices surge on costly eggs, but disinflationary trend intact
Live Mint* Producer prices increase 0.4% in November * Goods, primarily eggs account for bulk of the rise in PPI * Moderate rise in services bodes well for core PCE inflation * Weekly jobless claims increase 17,000 to 242,000 * Continuing claims advance 15,000 to 1.886 million By Lucia Mutikani WASHINGTON, - U.S. producer prices increased by the most in five months in November, but a moderation in the costs of services such as portfolio management fees and airline fares offered hope that the disinflationary trend remains in place. The report, together with other data showing more people were collecting unemployment checks at the end of November relative to the beginning of the year as demand for labor cools, cemented investor expectations that the U.S. central bank would deliver a third interest rate cut next week. The producer price index for final demand jumped 0.4% last month, the largest gain since June, after an upwardly revised 0.3% increase in October, the Labor Department's Bureau of Labor Statistics said. A separate report from the Labor Department showed initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 242,000 for the week ended Dec. 7.
History of this topic
Food prices are on the rise again. What’s behind the increase
CNN
Food prices are on the rise again. What’s behind the increase
CNNUS wholesale inflation accelerated in November in sign that some price pressures remain elevated
Associated Press
US wholesale inflation surged higher in November
CNN
U.S. wholesale inflation accelerated in November, a sign that some price pressures remain
LA Times
Wholesale inflation heated up again last month, reversing recent progress
CNN
Surprise spike: On the Consumer Price Index
The Hindu
US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates
Hindustan Times
Egg and milk prices fall, fueling hope for interest rate cuts
NPRUS wholesale prices picked up in February in sign that inflation pressures remain elevated
Associated PressUS inflation up again in February in latest sign that price pressures remain elevated
Associated Press
Inflation slows but remains elevated, a sign price pressures are easing only gradually
LA Times
Acceleration foretold: On volatile food prices
The Hindu
Jamie Dimon and other Wall Street titans say the US economy is strong for now, but warn about the future
CNNUS inflation hits its lowest point since early 2021 as prices ease for gas, groceries and used cars
Associated Press
US inflation eases but stays high, putting Fed in tough spot
Associated Press
Egg crisis hits as grocery price inflation soars to record 17.1%
The Independent
Wholesale price pressures emerge despite long-term slowdown
Associated Press
Food inflation surges to 12.4% amid predictions of ‘increasingly bleak’ winter
The Independent
US producer prices surge 11% in April as food prices jump
Associated Press
Producer prices surge 11.2% in March on higher energy costs
Associated Press
This key inflation measure just saw its biggest gain on record
CNN
US producer prices climbed 10% in February from a year ago
Associated Press
Inflation watch: US producer prices soar to new record
Al Jazeera
A key inflation measure rose to a 39-year high last month
CNN
US consumer prices up by 6.2% in October – the highest inflation rate in 30 years
The Independent
Inflation: US consumer prices surge at fastest rate in 30 years
Al Jazeera
America’s grocery bills are surging and there’s no relief in sight
CNN
U.S. consumer prices soared 6.2% in past year, most since 1990
LA Times
Inflation: US wholesale prices hit record high in October
Al Jazeera
US consumer prices rise 0.3% in August, lowest in 7 months
Associated Press
Inflation watch: US producer prices see biggest surge on record
Al Jazeera
US consumer prices jump most since 2008, topping all estimates
Live Mint
Consumer prices shot up 0.8% in April as worries escalate
Associated PressDiscover Related
)
)
)
