US consumer prices rise slightly; labor market tightening

Share

Producer prices increased 0.1% in April, seasonally adjusted, after rising 0.3% in March, according to the U.S. Bureau of Labor Statistics. Compared with a year ago, the CPI is up 2.5 percent.

USA wholesale costs edged up only 0.1 per cent in April, held by way of a significant decline in food expenses.

Monthly core inflation, which strips out volatile food and energy costs, rose 0.1%, following a 0.2% increase in March.

Energy costs, which had fallen for two months, edged up 0.1 percent in April, although gasoline costs fell 0.4 percent.

David Goodall, 104, 'happy' to have the chance to die today
'One wants at my age, and even rather less than my age, one wants to be free to chose their death at an appropriate time. Goodall hopes the publicity created by his case will push countries like Australia to change their euthanasia laws.

United States producer prices barely rose in April after strong gains in the first quarter, held down by a moderation in the cost of both goods and services, which could ease fears that inflation pressures were rapidly building up.

The U.S. Dollar held steady after the release of the report, but gold prices surged higher. Food prices fell 1.1%.

(Kitco News) - Gold prices have pushed to near session highs as US inflation pressures remain muted.

The Fed is projected to raise interest rates in June for the second time this year, though officials were divided in March over whether three or four total hikes in 2018 were warranted.

Ebola outbreak: Nigeria imposes airport screenings
The last outbreak in Congo was in 2017 May and it killed four out of eight individuals in the Bas-Uele province, northeast Congo. According to a statement from the ministry, the team would go to Bikoro today to prevent the spread of this infection further.

Further increases are likely after crude oil prices jumped to 3-1/2-year highs on Wednesday in the wake of President Donald Trump's decision on Tuesday to pull the United States out of an worldwide nuclear deal with Iran.

Prices for final demand services increased 0.1%.

Apparel prices rose 0.3 per cent in April after falling 0.6 per cent in the prior month. Traders had priced in an increase of 0.3 percent. Claims dropped to 209,000 during the week ended April 21, which was the lowest level since December 1969. A government report on Tuesday showed job openings rising to a record 6.6 million in March. Unprocessed goods costs rose 3.2% from a year earlier last month.

New Rolls-Royce Cullinan revealed - aimed over and above Bentley's Bentayga
Upon launch, the Rolls-Royce Cullinan will take on the likes of the Bentley Bentayga , Stay tuned as for the unveiling tomorrow. Step inside via the Cullinan's suicide doors and you'll find an interior built to Rolls-Royce's usual exceptional standards.

Share