June 15, 1990 |
Wholesale prices rose a modest 0.3% in May, ending a string of three consecutive monthly declines that had compensated for a huge 1.9% increase in January, when cold weather sent food and energy prices soaring, the Labor Department reported Thursday. Indeed, the May report showed energy prices declining 1%, continuing a correction since last winter, while food prices rose 0.6%.
January 13, 1999 |
U.S. wholesale prices shot up at the sharpest rate in 15 months during December, the Labor Department said late Tuesday, largely because of a big jump in tobacco prices. In a report issued by mistake a day early on the Internet, the department said the producer price index increased 0.4% last month, after a 0.2% drop in November. That was the largest monthly gain since a matching 0.4% increase in September 1997. Energy prices fell 2.3% in December, and food prices edged 0.1% lower.
January 16, 1988 |
Falling food and energy costs cut wholesale prices by 0.3% last month, an encouraging sign that inflation remains under control, the Labor Department reported Friday. After a flurry of concern last fall about a potential resurgence of inflation, economists and business executives are now confident that prices will remain stable. "We don't need to worry about inflation," said Richard Rahn, chief economist for the U.S. Chamber of Commerce. Index Up 2.
July 12, 2003 |
Surging energy costs pushed up U.S. wholesale prices at a faster-than-expected rate last month, but a closely watched gauge of core inflation eased, the Labor Department said. The producer price index, which measures prices paid at the farm and the factory gate, rose 0.5% in June. A steep 3.4% gain in energy prices accounted for most of the rise. But stripping out the energy increase and a 0.4% climb in food costs, the core PPI fell 0.1%.
February 19, 2005 |
Wholesale prices rose 0.3% last month, but the so-called core rate, which excludes food and energy, jumped by the largest amount in more than six years. The price increase could set off alarm bells at the Federal Reserve and perhaps lead to steeper increases in interest rates if inflation pressures do not subside. The gain reported Friday in the Labor Department's producer price index, which is designed to track inflation pressures before they reach consumers, reversed a 0.
June 11, 1988 |
Wholesale prices continued to rise at a relatively rapid pace in May, underscoring fears that inflationary pressures may be intensifying, the Labor Department reported Friday. Led by a sharp rise in food prices, the department's overall index of producer prices jumped 0.5% during the month, following increases of 0.4% in April and 0.6% in March. Wholesale food prices soared 0.9% in May, more than double April's 0.4% rise.
April 14, 1990 |
Wholesale prices fell 0.2% in March as energy and food costs descended from cold-weather high levels, the Labor Department reported Friday. The 2.4% decline in energy prices last month helped compensate for the huge 13.6% surge in this category in January spurred by shortages in home heating oil. The 0.6% drop in food prices also reflected the onset of warmer weather.
May 14, 2004 |
Wholesale prices, stoked by higher costs for gasoline and food, registered their biggest rise in a year during April, providing fresh evidence that inflation is awakening after a long slumber. The Labor Department reported Thursday that the producer price index, which measures the prices of goods before they reach stores, rose by 0.7% last month, following a 0.5% gain in March. April's increase was the largest since a 1.3% increase in March 2003 and topped the 0.
March 19, 1989 |
Higher food and energy costs sent wholesale prices up 1% in February, matching January's increase and bringing wholesale inflation this year to 12.6% were the trend to continue through December, the Labor Department said Friday. The news sent stock and bond prices tumbling and renewed fears that the economy may be heading into a period of rapid inflation, combined with slowing economic growth.