sunny.png
Thursday December 5th, 2019 9:25AM

US wholesale prices rise just 0.2% in July

By The Associated Press
Related Articles
  Contact Editor

WASHINGTON (AP) — U.S. wholesale prices ticked up just 0.2% in July, the latest sign that inflationary pressures are largely in check.

The Labor Department said Friday that the producer price index — which measures price changes before they reach the consumer — increased 1.7% last month compared with a year ago, the same as June. Excluding the volatile food and energy categories, wholesale prices fell 0.1% in July and rose 2.1% from a year earlier.

Inflation is muted, even as the economy has entered its 11th year of expansion and the unemployment rate has fallen to 3.7%, near a five-decade low. Yet wages are rising only modestly and many businesses are reluctant to raise prices.

The Federal Reserve cited low inflation as a key reason it cut short-term interest rates last month.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Economy, AP Business - Industries, AP Business - Utilities
© Copyright 2019 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
US wholesale prices rise just 0.2% in July
US wholesale prices rise just 0.2% in July, as inflation remains tame
8:34AM ( 6 minutes ago )
Huawei unveils phone system that could replace Android
Huawei unveils smartphone operating system that could replace Android if U.S. sanctions on the Chinese tech giant cut off access to the Google system
8:32AM ( 7 minutes ago )
The Latest: Pakistan cancels another train link with India
Pakistan says it is suspending the Thar Express, its last remaining train link with India, in response to New Delhi's revocation of disputed Kashmir's special status
8:08AM ( 31 minutes ago )
Associated Press (AP)
UK economy shrinks for first time since 2012 as Brexit bites
The British economy shrank in the second quarter of the year for the first time in six and a half years largely because Brexit uncertainties weighed heavily on business investment
6:22AM ( 2 hours ago )
German exports a bit lower in June, add to economic clouds
German exports were a little lower in June than the previous month and dropped 8% in year-on-year terms, reinforcing expectations that data due next week may show the economy shrank slightly in the second quarter
5:40AM ( 3 hours ago )
Malaysia charges 17 Goldman Sachs figures over 1MDB scandal
Malaysia has filed criminal charges against 17 current and former directors at three Goldman Sachs subsidiaries for their roles in the alleged multibillion-dollar ransacking of state investment fund 1MDB
5:38AM ( 3 hours ago )
AP Business
Japanese economy grew better than expected April-June
Japanese government data is showing Japan's economy grew at a better-than-expected 1.8% seasonally adjusted annualized rate during the April-June quarter on healthy consumer spending and capital investment
10:59PM ( 9 hours ago )
Asian shares rise following broad rally for US stocks
Asian shares are higher as investors bought back stocks following gains on Wall Street, although worries about a trade dispute between the U.S. and China remained
10:55PM ( 9 hours ago )
Technology companies power broad rally for US stocks
Technology companies powered stocks broadly higher on Wall Street Thursday driving the S&P 500 to its best day in more than two months and erasing its losses for the week
5:03PM ( 15 hours ago )
AP Business - Economy
Huawei unveils phone system that could replace Android
Huawei unveils smartphone operating system that could replace Android if U.S. sanctions on the Chinese tech giant cut off access to the Google system
8:32AM ( 7 minutes ago )
The Latest: Pakistan cancels another train link with India
Pakistan says it is suspending the Thar Express, its last remaining train link with India, in response to New Delhi's revocation of disputed Kashmir's special status
8:08AM ( 31 minutes ago )
Andrew Yang qualifies for fall presidential debates
Democratic presidential candidate Andrew Yang has qualified for the next presidential debates
8:04AM ( 35 minutes ago )
Global shares mostly turn lower again amid trade tensions
Markets in Europe have turned lower and U.S. markets look to open with losses on Friday as worries persist about the trade dispute between the U.S. and China
8:00AM ( 39 minutes ago )
US-China trade war weakening demand for oil
The International Energy Agency says the U.S.-China trade war and a decline in world economic growth are weakening demand for oil
7:48AM ( 51 minutes ago )