Economy

Wholesale prices post decline of 0.1%, retail sales fall

0


A customer looks over merchandise at a store on March 14, 2023 in Miami, Florida.

Joe Raedle | Getty Images

Wholesale prices posted an unexpected decline in February, providing some encouraging news on inflation as the Federal Reserve weighs its next move on interest rates.

The producer price index fell 0.1% for the month, against the Dow Jones estimate for a 0.3% increase and compared with a 0.3% gain in January, the Labor Department reported Wednesday. On a 12-month basis, the index increased 4.6%, well below the downwardly revised 5.7% level from the previous month.

related investing news

The market is facing new headwinds with the collapse of SVB — but there is a silver lining

CNBC Investing Club

Excluding food, energy and trade, the index rose 0.2%, down from the 0.5% gain in January. On an…



Source cnbc.com

0 0 votes
Article Rating

BMW expects higher margin and deliveries in 2023 amid electric rollout

Previous article

Homebuilder confidence rises in March as demand improves

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Economy