Tag Archives: Producer Price Index
Supply Chain Inflation Stagnates, Fed Chair Powell Rules Out Rate Hikes
The US Producer Price Index witnessed a 0.5% month-over-month increase in April 2024, representing a significant change from the 0.1% decrease observed in March, revised down from earlier reports. The April uptick surpassed the anticipated 0.3% rise. Service prices saw their biggest jump since July, climbing 0.6% after a revised 0.1% decrease the previous month. […]