Investment News Notes Wholesale Price Rise Slows
Wednesday's wholesale prices movement shows a four tenths rise, smaller than typical monthly increases seen in 1974. The data indicate prices still elevated by historical standards but cooler than earlier months, signaling a softer inflation pulse.
Inflation measures shift to industrial prices in index
Economists see the industrial commodities portion of the Wholevale Price Index as a truer inflation gauge than food due to the erratic nature of food prices. The index tracks small percentage increases following prior monthly rises, highlighting industrial price impacts on the overall structure.
Stocks slip after wholesale price rise sparks early selloff
New York markets opened lower as Dow industrials fell about 6 points after the Labor Department reported a 4.8 percent annual rate rise in May wholesale prices, narrowing from April. Oil price-talk and expectations of a September hike weighed on trading, with British Petroleum down 12 percent and Amstar dragging early in the session. The Amex index rose while NYSE composites eased, with overall turnover moderate in brisk activity.
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