_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 ma electricity rates 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
_find-cheaper-electricity-suppliers-with-massachusetts-new-online-tool.webp "WWLP-22News")
_national-grid-approved-to-decrease-electric-rates.webp "WWLP-22News")
_nba-playoffs-update-final-four-teams-clash-for-title.webp "NBA Playoffs Update: Final Four Teams Clash for Title from ma electricity rates")
_mass-electricity-rates-set-to-increase-saturday.webp "CBS6 Albany")
_future-of-finance-2024-whats-next-for-real-estate-in-the-era-of-high-interest-rates.webp "Sean Dobson, Chairman, CEO, and Chief Investment Officer, Amherst Julie Ingersoll, Chief Investment Officer, Americas Direct Real Estate Strategies, CBRE Investment Management Moderator: Shawn Tully, Fortune")
⏲ 17:46 👁 47.4M
_i-team-hidden-cameras-reveal-dark-side-of-solar-power.webp "FOX 5 Atlanta")
_bouncing-back-how-american-families-are-dealing-with-the-new-cost-of-living.webp "NBC News")
⏲ 15 minutes 33 seconds 👁 45.4K
_why-more-us-banks-could-collapse.webp "Silicon Valley Bank, Signature Bank, and First Republic are among the largest bank failures in US history. But more banks could fail, according to Fed chair Jerome Powell.")
_find-cheaper-electricity-suppliers-with-massachusetts-new-online-tool.jpg)
_national-grid-approved-to-decrease-electric-rates.jpg)
_nba-playoffs-update-final-four-teams-clash-for-title.jpg)
_mass-electricity-rates-set-to-increase-saturday.jpg)
_future-of-finance-2024-whats-next-for-real-estate-in-the-era-of-high-interest-rates.jpg)
_i-team-hidden-cameras-reveal-dark-side-of-solar-power.jpg)
_bouncing-back-how-american-families-are-dealing-with-the-new-cost-of-living.jpg)
_why-more-us-banks-could-collapse.jpg)
![[+]](/images/menu.gif){kind=small}