Wholesale prices edge up 0.2 percent in April

Combined Shape

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%.

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

Truth and Accuracy

Submit a Correction →






We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands.
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
Location
New York City




Conversation