Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 43 | NO. 19 | Friday, May 10, 2019

Wholesale prices edge up 0.2 percent in April

Print | Front Page | Email this story

WASHINGTON (AP) — U.S. wholesale prices edged up 0.2% in April, driven higher by a big jump in energy costs.

The Labor Department says the increase in its producer price index, which measures inflation pressures before they reach the consumer, followed an even bigger 0.6% March increase.

Wholesale prices are up 2.2% over the past year while prices, excluding volatile food and energy, have risen 2.4%. Inflation pressures remain under control, a fact that has allowed the Federal Reserve to move to the sidelines in terms of pushing interest rates higher. After four rate hikes in 2018, Fed officials have indicated they expect no further rate hikes this year.

For April, energy prices jumped 1.8% following an even bigger 5.6% percent March gain. Gasoline prices were up 5.9%.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0