Tag Archives: bureau of labor statistics

Jump in Producer Prices Raises Inflation Questions

Wholesale prices increased by 0.8 percent in January, exceeding some forecasters’ predictions. But economists said it’s too soon to sound the alarm on rising inflation, mostly because the overall economic recovery still remains weak.

The increase marks the seventh consecutive rise, following a 0.9 percent advance in December and a 0.7 percent advance in November, the Bureau of Labor Statistics reported on Wednesday. Continue reading Jump in Producer Prices Raises Inflation Questions