Inflation falls at wholesale level
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Wholesale inflation posted a better-than-expected reading in June as both food and energy costs retreated.
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WASHINGTON -- Wholesale inflation posted a better-than-expected reading as both food and energy costs retreated in June. Industrial production rebounded as well, but homebuilders' confidence fell to the lowest level in 16 years as the housing slump persisted.
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US wholesale prices dipped 0.1percent in August as a retreat in food costs helped offset a rise in energy prices, the US Labor Department reported Friday.
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Wholesale inflation rose last month at the fastest pace in more than 14 years, largely because of steep jumps in energy and food costs, the government reported yesterday, raising concerns that businesses may be under growing pressure to raise consumer prices.
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Wholesale costs -- catapulted by more expensive energy and food -- soared last month by the largest amount in more than 14 years. With inflation at the producer level accelerating sharply after months of being
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Consumer price inflation fell to 1.3% in August, official figures show, as interest rate rises begin to make their mark on the economy.
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Japanese inflation falls for a seventh straight month making a rate rise by the end of the year less likely.
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Britain&#39;s inflation rate fell in August further below its 2.0 percent government-set upper limit target with clothing and footwear prices actually falling, official data showed on Tuesday.
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US inflation fell by 0.1 per cent in July -- the first decline since late last year -- on a drop in gasoline prices, the US Department of Labour said yesterday in a report that suggests underlying price pressures in the world&#39;s biggest ...
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Description: NPR&#39;s Alex Chadwick talks to Tess Vigeland of Marketplace about the jump in wholesale prices that has fueled inflation worries.
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WASHINGTON -- Wholesale inflation posted a better-than-expected reading in June as both food and energy costs retreated while industrial production staged a strong rebound.
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Cheaper food and energy helped drag Britain's inflation rate down to 2.5% last month.
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House price inflation is now easing off, according to the latest monthly survey from the Halifax.
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Wholesale prices, helped by retreating energy costs, fell in January by the largest amount in three months, providing evidence that inflation pressures are moderating.
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Consumer inflation dipped unexpectedly last month thanks to falling gasoline prices while new home construction hit a 12-year low as the housing slump continued to dim the outlook for growth.
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Inflation has slowed to 2.5 percent in May from the April figure, as lower domestic energy prices sparked the second successive monthly drop, official data showed Tuesday.
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Inflation has fallen to its lowest level since March after figures for September showed the annual rate had dropped by 0.2 per cent to 1.1 per cent.