Today news
About the same in other media
29.05 - 15:25
Producer Price Gains Edged Downward in April but Remain Elevated
Reading now: 183
U.S. suppliers’ price increases eased a little in April as energy and food costs dropped, but producer-level inflation remained close to historic highs.
The Labor Department on Thursday said the producer-price index, which generally reflects supply conditions in the economy, increased a seasonally adjusted 0.5% in April from the prior month. That marks a deceleration from the upwardly revised 1.6% gain in March, which was pushed up by surging energy prices after Russia invaded Ukraine. April’s rate of increase was the lowest since September 2021, but was higher than the average monthly gain of 0.2% in the two years before the pandemic.
Read more on wsj.comAbout this in other media
Weak stocks and declining DeFi use continue to weigh on Ethereum price cointelegraph.com /2 years ago
Monero enters 'overbought' danger zone after XMR price gains 75% in two weeks cointelegraph.com /2 years ago
Russian Inflation Makes U.S. Price Rises Look Tame wsj.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
