WASHINGTON (AP) — Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.
The Labor Department reported Friday that its producer price index — which measures inflationary pressures before they reach consumers — rose 0.7% last month from July after increasing 1% in both June and July.
A look at some of the key business events and economic indicators upcoming this week:
JUST CHARGE IT
The Federal Reserve issues its latest monthly tally of U.S. consumer borrowing Wednesday.
WASHINGTON (AP) — Inflation at the wholesale level jumped a higher-than-expected 1% in July, matching the rise from the previous month, and dimming hopes that the upward trajectory of prices would begin to slow.
WASHINGTON (AP) — Inflation at the wholesale level jumped 1% in June, pushing price gains over the past 12 months up by a record 7.3%.
The Labor Department reported Wednesday that the June increase in its producer price index, which measures inflation pressures before they reach consumers, followed a gain of 0.8% in May and was the largest one-month increase since a 1.2% rise in January.
The White House believes it has an ally in the bond markets to make the case that inflation isn't an economic threat.
WASHINGTON (AP) — Wholesale prices, driven by rising food costs, increased 0.8% in May and by a unprecedented amount over the past year as the U.S. economy emerges from pandemic lockdowns and pushes inflation higher.
Asian shares were mixed on Wednesday after China reported a big jump in factory gate prices at a time when inflation is a top investor concern.
Shares fell in Tokyo, Seoul and Sydney but rose in Shanghai and Hong Kong.
WASHINGTON (AP) — Wholesale prices, driven by escalating costs for services and food, jumped 0.6% in April, surprising economists and providing more evidence that inflation pressures are starting to mount with the country emerging from a recession brought on by the pandemic.
Stocks are opening higher on Wall Street following three days of losses and the biggest one-day drop in the S&P 500 since February. Big Tech companies like Apple and Microsoft, which had posted some of the bigger losses this week, were rising in the early going Thursday.
WASHINGTON (AP) — U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June.
The Labor Department reported Friday that the gain in its producer price index, which measures inflation pressures before they reach consumers, followed a modest 0.1% gain in November and matched the 0.3% rise in October.
WASHINGTON (AP) — U.S. wholesale prices rose 0.3% in August, just half the July gain, as food and energy prices decline...
WASHINGTON (AP) — U.S. wholesale prices shot up an unexpected 0.6% in July, biggest gain since October 2018, as energy prices moved sharply higher...
WASHINGTON (AP) — Wholesale prices slid a record 1.3% in April led by a 19% plunge in the cost of energy, further signaling the potential threat of deflation in the United States...
WASHINGTON (AP) — U.S. wholesale prices last month posted the biggest 12-month gain since January 2012, a sign that the strong economy is beginning to rouse inflation...
WASHINGTON (AP) — U.S. wholesale prices fell 0.1 percent in December, led by cheaper food and lower shipping costs...
WASHINGTON (AP) — Rising energy costs led prices at the wholesale level to climb 0.4 percent in September — a bout of inflation that happened in the wake of Hurricane Harvey closing a critical number of U.S.
The Labor Department reports on U.S. producer prices in April at 8:30 a.m. Eastern on Thursday.
TICKING UP: Economists forecast that the producer price index rose a modest 0.1 percent last month, according to a survey by FactSet, yet it would be the second consecutive increase after four months of declines.