Costco wholesale corp articles
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Wholesale inflation unexpectedly jumps again to highest level in a year
Inflation at the wholesale level rose much more than expected in April, the latest sign that price pressures within the economy remain elevated and difficult to tame. The Labor Department said Tuesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, rose 0.5% in April from the previous month. On an annual basis, prices remain up 2.2% — the highest level since April 2023. While the monthly gain is notably higher than the 0.2% increase...
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Wholesale prices rose 0.5% in April, more than expected
The producer price index was expected to increase 0.3% in April, according to the Dow Jones consensus estimate.
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Wholesale inflation rose to 13-month high in April
Retail inflation, on the other hand, eased slightly in comparison to March, but remained higher than it had been in April last year.