Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 11:43, February 18, 2006
US wholesale prices rise 0.3 percent in January
font size    

Wholesale prices in the United States rose by 0.3 percent in January, half of the 0.6 percent surge witnessed in December, the Labor Department reported on Friday.

The 0.3 percent rise in the department's Producer Price Index (PPI), designed to measure inflation pressures before they reach the consumer, was the lowest increase since a 0.4 percent drop in November.

According to the department, the rise in wholesale prices resulted from higher prices for new cars and light trucks, pharmaceutical products, books and civilian aircraft.

While excluding volatile energy and food prices, the "core" PPI jumped by 0.4 percent in January, marking the biggest one-month rise since a 0.6 percent advance in the same month last year.

The 0.4 percent jump in core prices, following increases of 0.1 percent in November and December, is certain to attract attention at the Federal Reserve. The central bank is watching closely, as the surge in energy prices could lead to widespread inflation pressures.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved