Prices paid to US producers rose in February by more than forecast, driven by higher fuel and food costs that add to evidence inflation remains elevated. The producer price index for final demand increased 0.6% from January, Labor Department data showed Thursday. The gauge rose 1.6% from a year earlier. The so-called core PPI, which excludes volatile food and energy categories, advanced 0.3% from the prior month, and 2% from a year ago.
The pickup in cost pressures at the wholesale level illustrates an uneven path for Federal Reserve policymakers seeking greater progress in their inflation fight. Consumer-price data earlier this week showed underlying inflation exceeded forecasts for a second month, reaffirming expectations that the Fed will be in no rush to reduce interest rates. Fed officials meet next week and are widely expected to keep their benchmark rate unchanged.
ہم نے اس خبر کا خلاصہ کیا ہے تاکہ آپ اسے جلدی سے پڑھ سکیں۔ اگر آپ خبر میں دلچسپی رکھتے ہیں تو آپ مکمل متن یہاں پڑھ سکتے ہیں۔ مزید پڑھ:
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
US Inflation Tops Forecasts, Reinforcing Fed's Cautious ApproachUnderlying US inflation exceeded expectations in February, leading the Federal Reserve to maintain a cautious stance on interest rate cuts. The core consumer price index, which excludes food and energy costs, rose 0.4% from January and 3.8% from a year ago. Economists consider the core gauge a better indicator of underlying inflation than the overall CPI. The report suggests that inflation is proving stubborn, causing central bankers to be cautious about easing policy too soon. Some officials have expressed the need for a broader pullback in prices before considering rate cuts.
ذریعہ: Moneyweb - 🏆 5. / 77 مزید پڑھ »
US Fed's favored inflation gauge falls, but price pressures remainThe US central bank's favored measure of inflation edged lower on an annual basis in January, government data showed Thursday, but a metric stripping out volatile food and energy prices jumped month-over-month. The closely watched 'core inflation' measure, which strips out volatile food and energy costs, also eased, rising by 2.
ذریعہ: brieflyza - 🏆 10. / 68 مزید پڑھ »