Wholesale Prices Surge, Fueling Inflation Concerns
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Februarys wholesale prices soared, with a 3.4% yearly increase, the largest since 2015. Food prices surged, vegetables up 49% and fruits up 10%. Even excluding food and energy, core prices rose 3.9% year over year. The U.S.-Israel strike on Iran sent oil prices soaring, pushing gasoline to $3.84 per gallon. Economists warn of ongoing trouble, and stock markets reacted with drops. Despite sticky consumer inflation and a weak job market, the Federal Reserve holds off on rate cuts.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/0f69ee9fbdc60935