• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
US Wholesale Price Data in April reveals inflation pressure on a lot of boxes stored in a warehouse.

US Wholesale Price Data for April Indicates Moderation in Inflation Pressure

05/11/2023
UK Private Sector Growth Shows Modest Recovery Amid Ongoing Tariff Pressures

UK Private Sector Growth Shows Modest Recovery Amid Ongoing Tariff Pressures

06/23/2025
3rd Dairy Market Innovation Asia Pacific Summit 2025

Be Part of the 3rd Dairy Market Innovation Asia Pacific Summit 2025

06/20/2025
S.K.Singhi & Partners LLP Expands Global Legal Reach with LEXITS Platform and International Recognition

S.K.Singhi & Partners LLP Nominated for Go Global Awards 2025

06/19/2025
S.K.Singhi & Partners LLP Expands Global Legal Reach with LEXITS Platform and International Recognition

S.K.Singhi & Partners LLP Expands Global Legal Reach with LEXITS Platform and International Recognition

06/19/2025
Assist Export Bridges Global Markets with Strategic Trade and Consultancy Solutions

Assist Export Nominated for Go Global Awards 2025

06/19/2025
Assist Export Bridges Global Markets with Strategic Trade and Consultancy Solutions

Assist Export Bridges Global Markets with Strategic Trade and Consultancy Solutions

06/19/2025
Tariffs Lowered in New UK-U.S. Trade Agreement

Tariffs Lowered in New UK-U.S. Trade Agreement

06/17/2025
U.S. Signs Order to Implement Partial Tariff Reductions on UK Imports

U.S. Signs Order to Implement Partial Tariff Reductions on UK Imports

06/17/2025
Canada, U.S. Target 30-Day Timeline for Economic and Tariff Agreement

Canada, U.S. Target 30-Day Timeline for Economic and Tariff Agreement

06/17/2025
NUTRITECH NUTRITION: Leading the Fight Against Malnutrition in South Asia

Nutritech Nutrition Nominated for Go Global Awards 2025

06/20/2025
NUTRITECH NUTRITION: Leading the Fight Against Malnutrition in South Asia

NUTRITECH NUTRITION: Leading the Fight Against Malnutrition in South Asia

06/17/2025
FlavAir StyX from Denmark’s Considaret Clk Group Expands Worldwide with Natural Anti-Addiction Filters

Considaret Clk Group Denmark Nominated for Go Global Awards 2025

06/20/2025
supplychainreport
Tuesday, June 24, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

US Wholesale Price Data for April Indicates Moderation in Inflation Pressure

by Richie
05/11/2023
in Economic Indicators, Global Trade

YOU MAY ALSO LIKE

Tariffs Lowered in New UK-U.S. Trade Agreement

U.S. Signs Order to Implement Partial Tariff Reductions on UK Imports

The latest data on wholesale prices in the United States suggests a modest increase, signaling a potential easing of inflationary pressures over a year since the Federal Reserve initiated a series of interest rate hikes. The government’s producer price index, which reflects prices charged by manufacturers, farmers, and wholesalers, rose by a mere 0.2 percent from March to April. This follows a 0.4 percent decline from February to March, with decreases in prices for food, transportation, and warehousing contributing to the subdued growth.

On a year-over-year basis, wholesale prices increased by 2.3 percent, marking the tenth consecutive slowdown and reaching the lowest figure since January 2021. The annual inflation rate saw a deceleration, aided by lower energy prices. Excluding volatile food and energy prices, the core wholesale inflation rose by 0.2 percent from March and 3.2 percent from the previous year. This year-over-year increase in core wholesale inflation represents the seventh consecutive slowdown and is the lowest since March 2021. The Federal Reserve closely monitors core prices as a more reliable indicator of underlying inflation pressures in the economy.

The producer price index released by the US Department of Labor is an early indicator of potential trends in consumer inflation. This index contributes to the calculation of the Fed’s preferred inflation gauge, the Department of Commerce’s personal consumption expenditures index.

Economists view April’s mild producer price figures as positive news for the Federal Reserve’s efforts to combat inflation. This data comes after a consumer-level report from the previous day showed a 0.4 percent increase in core prices from March to April, maintaining an elevated pace for the fifth consecutive month and surpassing the Fed’s 2 percent annual inflation target.

While overall consumer inflation has declined to 4.9 percent on a year-over-year basis, down from the peak of 9.1 percent in June 2022, it remains above the Fed’s target level. Economic growth has slowed to a modest 1.1 percent annual rate from January through March.

The Federal Reserve has implemented ten benchmark interest rate hikes in the past 14 months, aiming to manage inflation without triggering a recession. However, concerns linger about the potential for a recession later this year. Higher borrowing costs have impacted sectors like housing, with existing home sales declining by 22 percent in March from a year earlier.

Despite challenges, the job market remains healthy, with an unemployment rate of 3.4 percent, a 54-year low. The recent signals from the Federal Reserve suggest a potential pause in interest rate hikes to assess their impact on growth and inflation. Fed Chair Jerome Powell emphasized the need to monitor external threats, including recent banking sector turmoil, to make informed decisions about future rate adjustments. Powell believes that the recent collapse of three major banks may prompt others to tighten lending, contributing to economic moderation and reducing the need for further rate increases.

Your go-to for supply chain report news updates: The Supply Chain Report. For international trade tools, see ADAMftd.com.

#WholesalePrices #USInflation #FederalReserve #ProducerPriceIndex #CoreInflation #EconomicGrowth #InterestRateHikes #ConsumerPrices #InflationControl #USDepartmentOfLabor #RecessionConcerns #JobMarket #UnemploymentRate #EnergyPrices #FoodPrices #TransportationCosts #BankingSector #FedChairJeromePowell #InflationTrends #InterestRates #PCEIndex #EconomicOutlook #USEconomy

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.