US producer prices increase more than expected in April

Explore stories from Atlantic Canada.

Pro-Palestinian encampment at Dalhousie University - May 13, 2024 | SaltWire #news #halifax #protestWASHINGTON - U.S. producer prices increased more than expected in April amid strong gains in the costs of services and goods, indicating that inflation remained elevated early in the second quarter.

Inflation surged in the first quarter amid strong domestic demand after slowing for much of last year. Economists are optimistic that prices will resume their downward trend this quarter as the labor market is cooling.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LETTER: Disappointing cuts in 2024 federal budgetExplore stories from Atlantic Canada.
Read more »

Ukraine sees signs Kharkiv front stabilising, but warns of buildup near Sumy regionExplore stories from Atlantic Canada.
Read more »

Belousov says Russia must win in Ukraine while minimising troop lossesExplore stories from Atlantic Canada.
Read more »

Two French prison guards killed, inmate escapes in ambush; manhunt launchedExplore stories from Atlantic Canada.
Read more »

Explainer-Why are there riots in New Caledonia against France's voting reform?Explore stories from Atlantic Canada.
Read more »

Ukraine sees signs Kharkiv front stabilising, but warns of buildup near Sumy regionExplore stories from Atlantic Canada.
Read more »