Reported 28 days ago
U.S. wholesale prices rose by 0.4% in December, signaling a stall in the fight against inflation, contrary to expectations for a smaller increase. This uptick is heightening concerns about persistent inflation and could impact interest rate decisions. Key contributors include rising costs in food and energy, with wholesale food prices notably increasing by 1.1%, largely due to a spike in egg prices tied to bird flu. Despite the higher prices, some components that influence the Fed's preferred inflation measure remained stable, suggesting a mixed outlook as consumer prices continue to rise.
Source: YAHOO