Wholesale prices show hint of inflation

DjelicS
Can America Control Inflation

A key measure of USA inflation accelerated to the highest in a year as a drag from mobile-phone costs faded, bearing out the Federal Reserve's forecast for a pickup in price gains.

CPI slipped 0.1% versus a month ago.

Gasoline prices tumbled 4.9 percent in March, the largest drop since last May, after falling 0.9 percent in February.

The Bureau of Labor Statistics report shows prices for new cars and trucks showed no increase in March, while prices of used vehicles fell 0.3 percent.

Last year's weak cellphone services prices are also expected to fall out of the calculation for March PCE price index data, which is scheduled for release on April 30.

"Although core CPI is back above 2%, the slight monthly uptick in price pressures should still leave core PCE tracking a little below 2% and therefore does not change our view of the Fed hiking two more times over the remainder of the year", she said. That was the largest annual gain in a year and followed February's 2.2 per cent increase. Annual inflation is rising as the weak readings from a year ago drop from the calculation.

Core inflation, which excludes energy and unprocessed food products, climbed to 0.8 percent from 0.6 percent.

Slain Gaza reporter was Hamas militant
Israel has fought three wars with Hamas since 2008 and says the blockade of Gaza is necessary to isolate the Islamist movement. Last week, officials estimated there were some 30,000 Gazans participating.

On a monthly basis, inflation increased 1 percent in March to record 269.8 points, compared to 267 points in February, CAPMAS said.

The CPI drop surprised analysts who had predicted a 0.1 per cent increase.

The Federal Reserve tracks a different index, the personal consumption expenditures price index excluding food and energy, which has consistently run below the central bank's 2 per cent target since mid-2012.

Analysts polled by Reuters had expected March producer inflation would moderate slightly to 3.2 percent. The U.S. central bank raised borrowing costs last month and forecast at least two more rate hikes in 2018.

The core CPI was lifted by rising rents and healthcare costs.

Average hourly earnings posted the biggest gain since July 2016, rising 0.4 per cent in March, following the 0.1 per cent decline in February, according to a separate report.

The price of alcoholic drinks and tobacco products increased by 1.3%, in particular those for tobacco goods by 1.7%, alcoholic drinks by 0.8%. Producer prices are called at 3.3%, slowing from 3.7% a month earlier.

Related News:

  • Buffalo Bills left guard Richie Incognito retires from NFL

    Buffalo Bills left guard Richie Incognito retires from NFL

    Incognito told Carucci that his liver and kidneys are "shutting down", so his best option might be to walk away from football. An NFL investigation determined Incognito and two other Dolphins offensive linemen persistently harassed Martin.
    WWE's Paige Announces Retirement On Raw

    WWE's Paige Announces Retirement On Raw

    But last night's Raw also included a moment that fans didn't want to see, the retirement of popular star Paige . The 25-year-old was injured on December 27 while competing in a six-woman Tag Team Match at a WWE house show.
    Presenting The All-New 2020 Ford Focus

    Presenting The All-New 2020 Ford Focus

    Having said that, Ford has revealed enough details about this all-new Focus , sans pricing and official fuel consumption figures. Stop&Go, speed sign recognition and lane assistance technology will help on your morning commute.
  • Panthers spoil Bruins' bid for top seed in East

    Panthers spoil Bruins' bid for top seed in East

    That's the positive spin given by Bruins coach Bruce Cassidy after a disheartening 4-2 loss to the Panthers at the Garden. Thought the season series did not go in the Bruins favor, the playoffs are a different animal and anything can happen.
    Lovullo's rant prompts angry response from Cards' Molina

    Lovullo's rant prompts angry response from Cards' Molina

    Lovullo was ejected for leaving the dugout to argue balls and strikes but Molina was allowed to remain in the game. Louis Cardinals and the Cincinnati Reds. "They grinded all game long pretty good", Greinke said .
    Peel schools paying tribute to Humboldt Broncos bus crash victims

    Peel schools paying tribute to Humboldt Broncos bus crash victims

    The Office of the Chief Coroner has apologized for the misidentification, offering condolences to Tobin's family. The Humboldt Broncos were on their way to a playoff game Friday in Nipawin when the crash took place.
  • Protests begin in Chennai against IPL

    Protests begin in Chennai against IPL

    Russell continued to whack the CSK bowlers, as he completed his half century to set a monumental target for the home side. While Dhoni didn't go for the big shots, he gave Billings the room to do so and together, they steadied the innings.
    Vevo YouTube Videos Defaced In Apparent Hack

    Vevo YouTube Videos Defaced In Apparent Hack

    According to the Independent , a hacker identifying as Kuroi'sh hacked into Twitter accounts run by news organizations last week. These videos were unchanged, but their titles were edited to contain the names "Prosox" and "Kuroi'sh", and the word "hacked".
    Malaysia elections set May 9 with short campaign period

    Malaysia elections set May 9 with short campaign period

    Polling day will be on a Wednesday, an unusual move as national elections in Malaysia are usually held at a weekend. Ramadan, a major festive period for the Muslim-majority country, begins on May 15.
  • The Never-Ending Saga Of The Audi E-Tron Continues

    The Never-Ending Saga Of The Audi E-Tron Continues

    The E-Tron Vision Gran Turismo weighs a little less than 3,200 pounds, and the weight distribution is said to be ideal 50:50. Then Porsche was tasked with developing the Mission E battery electric sedan and the Audi E-Tron faded into the background.
    Dhawan stars in SRH's win over Rajasthan Royals

    Dhawan stars in SRH's win over Rajasthan Royals

    Top that off with an unbeaten-36 to anchor the innings alongside Dhawan and it's a big tick for the new captain in game one. Delhi scored 166 in the first innings of the match as captain Gautam Gambhir led from the front with a half century.
    Kyle Busch wins at Texas for 1st victory of year

    Kyle Busch wins at Texas for 1st victory of year

    I think the first set of tires that came off the tire looked great. "We weren't as good behind him as we were in front of him". Harvick said he was sabotaged by a series of mishaps stemming from the pit guns used to change tires.


Most liked

China ready to pay any price in trade war with US
The President did not provide a reason for the statement or say whether China had indicated it planned to drop its tariffs.

The Sox are 8-1, But Now The Season Really Begins
He said he's most surprised by his team's early-season defense because "halfway through spring training I was anxious ". Boone told me during a 2016 conversation about the home run that came at the height of the Yankees-Red Sox rivalry.

Commonwealth Games: Transgender Kiwi star's injury could be 'career-ending'
Weightlifter Laurel Hubbard's injury to her elbow from yesterday's Commonwealth Games final could be career-ending, she says. In 2017, she competed in the heaviest 90kg plus category in the Australian International and Australian Open in Melbourne.

Comedian Jimmy Kimmel tones down feud with Sean Hannity with apology
He slammed the host during his prime-time Fox News show, by name-calling Kimmel a "despicable disgrace" and an "ass clown ". The feud began after Hannity had sharply criticized Kimmel for mocking First Lady Melania Trump's accent last week.

Google Home Mini Smart speaker, Price and Specifications
The top has LEDs that provide visual feedback when the Home recognises "Hey Google" - so you know when it's listening. The four LED lights underneath the fabric that light up to show the user when it hears them or when it's thinking.

Erdogan criticizes Russia, says Turkey to decide future of Syria's Afrin
Responding to Lavrov's comments, the Turkish President said his government would hand over Afrin to its residents "when the time comes".

Kate expectations as road set for royal birth
The baby's sex is also a secret - even to the Duke and Duchess, who chose not to find out if they were expecting a boy or a girl. Given the first two royal baby names, it's no surprise that the bookies have picked very traditional names for their line-ups.

Lewis Hamilton questions Max Verstappen's maturity
The Dutchman is now into his fourth season in the sport and has already been tipped for greatness having won three races thus far. The points were the first of the 22-year-old Frenchman's Formula One career in his seventh start.

Why Apple Co-Founder Steve Wozniak Joined the #DeleteFacebook Movement
His remarks also cast Apple in an awfully flattering light, as Facebook hits its lowest ebb in terms of public opinion. It's true that most of the social network's users had no idea until now what the company was doing with their data.

Arsene Wenger delivers update on Aaron Ramsey Arsenal contract
It was a naive reaction and the way the centre-back lashed out left Andre Marriner with no option but to send him off. But, after passing up one glorious chance, Welbeck headed home the victor nine minutes from time.

Woman who set fire that killed 4 children gets out of prison
In September, Hannick also offered to go to the bank for her to withdraw money to pay her rent and electric bill, police said. In late March, a woman on a dating app was contacted by a man asking her if she wanted to make money, an affidavit said.

Day 6 of Oklahoma teacher walkout
Teachers wanted a repeal of the capital gains tax exemption, which could provide the state with more than $100 million in revenue. Outside the station, about 200 to 300 teachers protested. "We stand firm, and we've got to have funding for our schools".

Tesla deploying Powerpacks at a BP wind farm
The new energy storage facility is expected to be installed during the second half of 2018, according to the company. The Ontario - Canada-based Scheer Rowlett & Associates Investment Management Ltd. has invested 2.85% in the stock.

So, TJ Miller was arrested for allegedly faking a bomb threat
Miller has been arrested and charged with allegedly calling in a false bomb threat last month on an Amtrak train traveling to NY . Miller has been arrested on federal charges after he made up a story last month about a woman having a bomb on a train, a U.S.

Harry and Meghan don't have to invite politicians to wedding
Rumors about the guest list - specifically the inclusion or not of the Obamas and President Trump - have been swirling for months. Others will include members of the couple's charities, local schoolkids and members of the Royal Household and Crown Estate.