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RSS FeedsServices boost U.S. producer prices; underlying inflation firming
(WorldNews Business)

 
 

14 november 2017 16:01:11

 
Services boost U.S. producer prices; underlying inflation firming
(WorldNews Business)
 




By Lucia Mutikani WASHINGTON (Reuters) - U.S. producer prices rose more than expected in October, driven by a surge in the cost of services, leading to the biggest annual increase in wholesale inflation in over 5-1/2 years. Tuesday`s report from the Labor Department also showed steady gains in underlying producer prices, which support expectations of a gradual increase in inflation and keep the Federal Reserve on track to raise interest rates in December. The producer price index for final demand increased 0.4 percent last month after...
 
10 viewsCategory: Business
 
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