Arrow-right Camera

The Spokesman-Review Newspaper The Spokesman-Review

Monday, October 14, 2019  Spokane, Washington  Est. May 19, 1883
Clear Day 60° Clear
News >  Business

Wholesale prices blip up 0.1% in May

By Paul Wiseman Associated Press

WASHINGTON – U.S. wholesale prices rose just 0.1% in May month, another sign that inflation remains under control.

The Labor Department says the increase last month in its producer price index, which measures inflation pressures before they reach consumers, was half April’s 0.2% increase.

The entire gain in May came from a 0.3% increase in the wholesale price of services. Goods prices fell 0.2%.

Over the past year, producer prices have risen 1.8%. Excluding the volatile food and energy categories, wholesale prices rose 0.2% in May from April and 2.3% from May 2018.

Inflation remains tame, enabling the Federal Reserve to stop raising interest rates after four hikes in 2018. Investors increasingly expect the Fed to cut rates amid signs the U.S. and world economies are decelerating.

Subscribe to the Morning Review newsletter

Get the day’s top headlines delivered to your inbox every morning by subscribing to our newsletter.

You have been successfully subscribed!
There was a problem subscribing you to the newsletter. Double check your email and try again, or email webteam@spokesman.com