Arab Today, arab today us producer inflation remains tame
Last Updated : GMT 06:27:20
Arab Today, arab today
Arab Today, arab today

US Producer Inflation Remains Tame

Arab Today, arab today

Arab Today, arab today US Producer Inflation Remains Tame

Producer Inflation
Washington - SPA

U.S. producer prices rose unexpectedly in November for the first time in four months as the cost of services increased, the government reported Friday, but the underlying trend continued to point to weak inflation pressures.

The Labor Department said its producer price index (PPI)—which measures price changes before they reach consumers—rose 0.3 percent last month after falling 0.4 percent in October. However, in the past 12 months, producer prices have fallen 1.1 percent, and November marked the 10th consecutive 12-month decrease in PPI.

Energy prices fell 0.6 percent after being unchanged in October. Declines in energy are likely to continue, as oil prices have fallen sharply this week to below $38 a barrel. Wholesale food prices rose 0.3 percent in November after falling 0.8 percent the previous month. The increase was driven by the biggest jump in butter prices in 15 years.

Excluding volatile energy and food costs, core PPI rose 0.1 percent in November after falling 0.1 percent the previous month. Core PPI was up 0.3 percent in the 12 months ending in November.

Modest economic growth and weak wage increases have kept inflation contained more than six years after the Great Recession ended.

Over the past year, price pressures have been dampened by a strong U.S. dollar and continued declines in oil prices amid a supply glut and slowing global growth, leaving inflation persistently running below the Federal Reserve (Fed) 2 percent target.

But due to a strengthening labor market, economists expect the U.S. central bank to raise its short-term interest rate next Wednesday for the first time in almost a decade.

 

arabstoday
arabstoday

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us producer inflation remains tame Arab Today, arab today us producer inflation remains tame

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us producer inflation remains tame Arab Today, arab today us producer inflation remains tame

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday