Tue, 14 May 2024 12:38:09 GMT
US Producer Price Index reveals inflation situation
The Bureau of Labor Statistics has published the Producer Price Index and the Core Producer Price index. These data sets provide insight into price changes at the wholesale level. Inflation has turned out to be much higher than expected.
The US Dollar reacted to the news with a 0.25% surge upwards, erasing prior losses. The Dollar surge is attributed