Keyword: wholesale
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Jan. 12 (UPI) — U.S. wholesale prices declined to end 2023 but was up overall for the year, according to Bureau of Labor Statistics data released Friday. The Producer Price Index measure of wholesale inflation, seasonally adjusted, declined 0.1% for December and rose 1% for all of 2023 compared to 6.4% wholesale inflation for 2022. The Bureau of Labor Statistics said the decline for December was driven by a 0.4% fall in goods prices. The unadjusted index for final demand goods fell 0.4% in December, the third consecutive decline, according to the BLS.
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A measure of wholesale prices rose more than expected in July, countering recent trends showing that inflation pressures are easing. The producer price index, which gauges the costs that goods and services producers receive for their products as opposed to those that consumers pay, rose 0.3% for the month, the Bureau of Labor Statistics reported Friday. Excluding food and energy, core PPI also increased 0.3%. Economists surveyed by Dow Jones had been expecting an increase of 0.2% for both readings. Excluding food, energy and trade services, PPI increased 0.2%.
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Wholesale used car prices dropped by 4.2 percent from May to June, marking the largest monthly decrease since the start of the COVID-19 pandemic, according to the Manheim Used Vehicle Value Index (MUVVI). The index, which is a measurement of wholesale prices of used vehicles, also saw a drop of 10.3 percent from a year ago. “The 4.2 percent drop is among the largest declines in MUVVI history and the largest decline since the start of the pandemic in April 2020 when the index plunged 11.4 percent,” Chris Frey, senior manager of economic and industry insights for Cox Automotive, said...
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The wholesale price of used cars is falling off a cliff while the prices that car shoppers are paying is way up, suggesting dealers are making a killing while consumers are taking a bath. Wholesale used car prices declined 2 percent from September in the first half of October and are down 10.3 percent from a year ago, according to The Manheim Used Vehicle Index published on Monday. Wholesale used luxury car prices are down 13.5 percent while used sport utility vehicles are down 12.3 percent and pickup trucks are down 8.4 percent. Meanwhile, the retail price that car shoppers...
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The record-shattering 9.6 percent rise in producer prices indicates a startling level of inflation inflicting the U.S. economy. Things are even worse once you get beyond the headlines. Further out on the supply chains, prices are rising even more rapidly, suggesting that product shortages and even more inflation are yet to come. When you look at goods that are processed by U.S. manufacturers for sale to other businesses, such as an appliance manufacturer selling to a retailer or a software maker selling to an digital game store, prices are up by more than 26 percent.
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Wholesale prices in the U.S. increased at their fastest annual rate ever in May, driven by rising food prices, as soaring inflation threatens to derail the post-pandemic economic recovery. The producer price index, which measures inflation pressure before it reaches consumers, rose 0.8 percent in May for an annual gain of 6.6 percent, the biggest jump since annual data was first compiled in 2010, the Labor Department said Tuesday. The annual gain is somewhat skewed by a 'base effect' from last year's data, when prices plunged early in the pandemic, but nevertheless offers another worrying signal to consumers that their...
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Wholesaling real estate is the process of finding a deeply discounted home and passing it along to an end investor. Bearing fast cash, wholesalers are flooding low-income neighborhoods, seeking distressed homeowners who want to sell quickly. Record low mortgage rates, low housing inventory, and a real estate frenzy have increased the amount of wholesaling conducted nationwide since the pandemic as many were lured in by YouTube tutorials. The entire strategy behind wholesaling is finding a discounted property, get it under contract, and then flip it to an interested buyer for a quick profit. Bloomberg reports some wholesalers are using strong-arm...
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Brexit Party leader Nigel Farage has predicted that law-abiding Britons will defy the prime minister’s new coronavirus restrictions after months of witnessing far-left protests and illegal raves. On Wednesday, Prime Minister Boris Johnson announced that because of a rise in confirmed cases of coronavirus, from Monday a new law will prevent gatherings of more than six people in public or private. Police will be given the power to disperse, fine, and even arrest those who break the rules.
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Here’s something you won’t hear from the Hispanic media, the mainstream media, or the White House: Among the many terrible side effects of Obamacare is its adverse effects on Hispanics. This stems from the fact that the Hispanic population is one of the youngest, in addition to Obamacare’s impact on the wholesale and retail industry, which employs many Hispanic Americans. Wholesale and retail will be hit especially hard by Obamacare, because, as one consultant noted, “employers not currently offering coverage to all employees working at least 30 hours a week may be more inclined to change their workforce strategy so...
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Inventories at U.S. businesses rose 0.4% in July...Business sales rose 0.7%...The inventory-to-sales ratio declined to 1.27 in July from 1.28 in the prior month.
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WASHINGTON (MarketWatch) — The price of U.S. goods at the wholesale level were unchanged in August as another decline in fuel costs offset an increase in food... The more closely followed core producer price index edged up 0.1% last month to mark the ninth straight increase... Economists surveyed by MarketWatch had predicted no increase in overall producer prices and a 0.2% rise in the core rate.
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WASHINGTON (MarketWatch) — U.S. wholesale prices eased in June as the cost of energy posted the biggest monthly drop in two years, the government reported Thursday. The Labor Department said its producer price index fell 0.4% last month, marking the first decrease in one year. The decline matched the forecast of economists surveyed by MarketWatch. Energy costs sank 2.8%, mostly because of falling gasoline prices. Food prices rose 0.6%, however.
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WASHINGTON (MarketWatch) — U.S. wholesale prices rose in May at the slowest pace in 10 months as the cost of food fell and the increase in energy prices tapered off, the government reported Tuesday. Food costs dropped 1.4% last month, owing mainly to lower vegetable prices, to mark the biggest one-month decline in almost a year. The price of food has fallen twice in the past three months, although food costs are still 3.9% higher compared to one year ago. Energy prices, meanwhile, rose 1.5% in May, the slowest rate since September. A surge in fuel costs have push wholesale...
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WASHINGTON (MarketWatch) — U.S. wholesale prices rose a seasonally adjusted 0.8% in April, driven once again by surging fuel costs, the government reported Thursday. A sharp increase in oil over the past seven months has fueled a spike in wholesale prices. Wholesale costs have jumped an unadjusted 6.8% in the past year, the largest 12-month increase since September 2008... The more closely followed core producer index rose 0.3% in April. The core index is usually viewed by investors and the Federal Reserve as a better gauge of inflationary pressure because it excludes the volatile food and energy categories.
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WASHINGTON (MarketWatch) — U.S. wholesale prices rose sharply in March for the sixth consecutive month, spurred once again by higher gasoline costs, although food costs fell, the Labor Department said Thursday. The government’s producer-price index climbed a seasonally adjusted 0.7% in March, following a 1.6% gain in February and a 0.8% increase in January. The core rate, which excludes the volatile food and energy categories, rose 0.3% in March. Higher prices for light trucks accounted for a large chunk of the increase. Investors and the Federal Reserve usually view the core index as a better gauge of inflationary pressure because...
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WASHINGTON (Reuters) – Core U.S. producer prices recorded their largest fall in more than four years in October and industrial output was flat, underlining concerns at the Federal Reserve about low inflation amid moderate growth. Economists said the data supported the U.S. central bank's November 3 decision to ease monetary policy further even though the 0.6 percent drop in the core Producer Price Index largely reflected the annual introduction of new motor vehicle models. Stripping out the sharp declines in vehicle prices, core producer prices -- which exclude volatile food and energy costs -- would have risen by 0.2 percent,...
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The United States may need to insure wholesale deposits to ease the credit crisis and restore confidence because the collapse of Lehman Brothers has damaged trust among institutional investors, Barclays said on Thursday. "What happened in September was the wholesale equivalent of an old fashioned bank run," Laurence Kantor, head of global research at Barclays Capital, told reporters in Singapore. "The markets are still unwinding the damage from Lehman." He said the commercial paper market lost $200 billion in two weeks after Lehman collapsed as investors turned to safer government paper, and even after two months private investors are still...
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Wholesale prices posted their biggest drop in 2 1/2 years while housing activity stayed strong, two economic reports showed Tuesday. The producer price index sank 0.7% in November, thanks to a 4% drop in energy costs, the Labor Department said. "It showed some pretty big declines. That's always welcome," said Stuart Hoffman, chief economist with PNC Financial Services.
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<p>WASHINGTON (MarketWatch) - U.S. wholesale prices rose a larger-than-expected 1.9% in September, the biggest jump in 31 years, the Labor Department said Tuesday.</p>
<p>Price increases were led by a 7.1% rise in wholesale energy prices, the biggest jump in 15 years. Food prices also soared, rising 1.4% on a record 49% increase in egg prices.</p>
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WASHINGTON - Prices at the wholesale level, helped by the largest drop in energy prices since April 2003, fell by 0.7 percent in December while output at the nation's factories, mines and utilities soared by 0.8 percent, the government reported Friday. The Federal Reserve (news - web sites) said that the December jump in industrial production matched a similar 0.8 percent gain in October and was far above a modest 0.2 percent rise in November, allowing manufacturers to end the year on a solid note. The 0.7 percent drop in wholesale prices last month was a much better performance than...
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