Producer Prices Rise as Food Costs Soar in January
 
Category:
Finance / Accounting ANNOUNCING:
Ad Number:
378437
Posted By
Name:
Chamber ofcommerce
Company:
Chamber of commerce Hawaii
Address:
1132 Bishop Street, Suite 2105, Honolulu, HI
Zip Code:
96813
City:
Honolulu
State > County:
Hawaii > Honolulu
Country:
United States
Phone:
808-545-4300 Please quote Chamber's Adpost when calling
 

Description:
Martin Crutsinger, The Associated Press
WASHINGTON U.S. producer prices edged up slightly in December as the biggest rise in food costs in eight months offset a further decline in energy prices. The tiny overall increase indicated that inflation pressures remain modest.
The Labor Department says its producer price index rose 0.1% in January after having fallen 0.2% in December. Over the past year, the PPI, which measures inflation pressures before they reach the consumer, is down 0.2%.
Core inflation, which excludes energy and food, rose 0.4% in January, the biggest one-month jump in 15 months. Over the past 12 months, core inflation is up 0.6%.
A big drop in energy prices in the past two years and a strong dollar have combined to keep inflation low.
Type:
Other
 




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Chamber ofcommerce's Employment Ad from Honolulu Hawaii Producer Prices Rise as Food Costs Soar in January
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