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Prices at the wholesale level surged in April, with the Producer Price Index showing a 0.6% increase from the month before and the largest gain since September 2012, according to the U.S. Labor Department.
Read More →UPDATED -- Prices at the wholesale level increased 0.5% in March, the biggest hike since June, according to a new U.S. Labor Department report
Read More →Housing starts in the U.S. fell 16% last month while the number of permits issued for new construction declined for the third straight month, according to the U.S. Commerce Department.
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Despite the biggest jump in consumer prices in six months and the first hike in wholesale prices in three months, inflation remains tame, according two new reports.
Read More →Industrial production in the United States tumbled in April, the biggest drop in eight months. The Federal Reserve says the total output at the nation’s factories, mines and utilities fell 0.5% following a downwardly revised 0.3% gain in March.
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