_hotter-than-expected-prices-raise-rate-cut-doubts-as-prices-rise-over-2-in-april.jpg "Hotter-than-Expected Prices Raise Rate Cut Doubts as Prices Rise Over 2% in April from b12 veg foods Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:41
👁 View: 1.2M times
✓ Published: 15-May-2024
👁 View: 1.2M times
✓ Published: 15-May-2024
Description:
The Producer Price Index, which measures wholesale prices, rose 0.5% in April, more than the expected increase of 0.3%. Core PPI, which excludes volatile food and energy prices, also increased by 0.5% compared to an estimated 0.2%. On a yearly basis, wholesale inflation rose over 2% in April, the biggest gain in a year. Services prices drove much of the wholesale inflation, and portfolio management costs increased sharply. Energy prices rose led by a jump in gasoline costs, while food prices declined. Hotter-than-expected inflation raises doubts about the Fed's ability to cut rates soon to achieve its 2% target.
The Producer Price Index, which measures wholesale prices, rose 0.5% in April, more than the expected increase of 0.3%. Core PPI, which excludes volatile food and energy prices, also increased by 0.5% compared to an estimated 0.2%. On a yearly basis, wholesale inflation rose over 2% in April, the biggest gain in a year. Services prices drove much of the wholesale inflation, and portfolio management costs increased sharply. Energy prices rose led by a jump in gasoline costs, while food prices declined. Hotter-than-expected inflation raises doubts about the Fed's ability to cut rates soon to achieve its 2% target.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_10-foods-rich-in-vitamin-b12-for-vegetarians-124-visitjoy.webp "VisitJoy")
_b12-in-traditional-plant-foods-is-higher-than-you-think.webp "Mic the Vegan")
_what-to-know-before-eating-at-burger-king-again.webp "Just how unhealthy is fast food for you? There's one combo meal on the Burger King menu that gives you more calories than you're supposed to have in an entire day! But which one?")
_vegetarian-food-protein-and-b12.webp "Rujutadiwekarofficial")
_red-lobster-files-for-bankruptcy-but-will-stay-open.webp "The popular chain has filed for Chapter 11 bankruptcy.")
_vitamin-b12-foods-for-vegetarians-b12-124-fit-tuber-hindi.webp "Fit Tuber Hindi")
⏲ 9 minutes 19 seconds 👁 889.5K
_bhiku-mhatre124-cm-siddaramaiah.webp "TV VIKRAMA")
ಸಿದ್ರಾಮಯ್ಯನ ವಿರುದ್ಧ ಮಾತಾಡಿದ ಮುಂಬೈ ಡಾನ್ ಜೈಲುಪಾಲು! ಭೇಷ್ ಕಾಂಗ್ರೆಸ್ ಭೇಷ್! Bhiku Mhatre| CM Siddaramaiah
⏲ 11 minutes 6 seconds 👁 8.5K
_glasgow-welcomes-maison-by-glaschu-to-princes-square.webp "Maison by Glaschu is the newest restaurant to open in Princes Square")
_10-foods-rich-in-vitamin-b12-for-vegetarians-124-visitjoy.jpg)
_b12-in-traditional-plant-foods-is-higher-than-you-think.jpg)
_what-to-know-before-eating-at-burger-king-again.jpg)
_vegetarian-food-protein-and-b12.jpg)
_red-lobster-files-for-bankruptcy-but-will-stay-open.jpg)
_vitamin-b12-foods-for-vegetarians-b12-124-fit-tuber-hindi.jpg)
_bhiku-mhatre124-cm-siddaramaiah.jpg)
_glasgow-welcomes-maison-by-glaschu-to-princes-square.jpg)
![[+]](/images/menu.gif){kind=small}