Posted on Dec 12, 2022
Price of Wholesale Goods Jumps More Than Expected as Inflation Persists - Washington Free Beacon
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U.S. producer prices increased a bit more than expected in November, but the underlying trend in inflation is moderating, which could allow the Federal Reserve to slow its pace of interest rate hikes next week. The producer price index for final demand rose 0.3% last month, the Labor Department said on Friday. Data for October was revised higher to show the PPI gaining 0.3% instead of 0.2% as previously reported. In the 12 months through November, the PPI increased 7.4% after advancing 8.1% in October.
Excluding the volatile food, energy and trade services components, producer prices gained 0.3% in November. The so-called core PPI rose 0.2% in October.
Excluding the volatile food, energy and trade services components, producer prices gained 0.3% in November. The so-called core PPI rose 0.2% in October.
Price of Wholesale Goods Jumps More Than Expected as Inflation Persists - Washington Free Beacon
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Posted >1 y ago
Responses: 2
Posted >1 y ago
The drop in gas will help to reduce delivery expenses but it will take a while to manifest itself.
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Cpl Vic Burk
>1 y
MSgt Dale Johnson It may reduce delivery cost but the cost in the store won't go down.
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CPT Lawrence Cable
>1 y
How many tractor and trailer rigs burn Gasoline instead of Diesel? Diesel hasn't dropped much.
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