Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Wholesale inflation cools more than expected in May By: FOX Business June 13, 2024 at 08:34 AM EDT The Labor Department on Tuesday released the closely watched producer price index, revealing that wholesale inflation cooled more than expected in May. Inflation at the wholesale level moderated more than expected in May, the latest sign that price pressures within the U.S. economy are loosing their grip.The Labor Department said Thursday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, fell 0.2% in May from the previous month. On an annual basis, prices remain up 2.2%. Those figures are both lower than the 0.1% monthly increase and 2.5% headline gain forecast by LSEG economists.This is a developing story. Please check back for updates. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Wholesale inflation cools more than expected in May By: FOX Business June 13, 2024 at 08:34 AM EDT The Labor Department on Tuesday released the closely watched producer price index, revealing that wholesale inflation cooled more than expected in May. Inflation at the wholesale level moderated more than expected in May, the latest sign that price pressures within the U.S. economy are loosing their grip.The Labor Department said Thursday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, fell 0.2% in May from the previous month. On an annual basis, prices remain up 2.2%. Those figures are both lower than the 0.1% monthly increase and 2.5% headline gain forecast by LSEG economists.This is a developing story. Please check back for updates.