“The 0.6 percent increase in the producer price index was the biggest since September 2012 and exceeded all estimates in a Bloomberg survey of economists, figures from the Labor Department showed today. Over the past 12 months, costs climbed 2.1 percent. Food prices surged by the most in three years. Wholesale food expenses increased 2.7 percent in April, the biggest jump since February 2011, led by an 8.4 percent surge in the costs of meats that was the biggest since 2003. A confluence of events ranging from drought in the West to porcine epidemic diarrhea is pushing up prices for beef, pork and other foods.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
US poverty rate steady at 15 percent, but 'lower class' is booming
Mr. Trump goes to war
The Stocks China’s Rescue Fund Is Buying
Pakistani Taliban announces kill plan for drone strike protest leader Imran Khan
Cop charged with stealing from home he was sent to check on
Cameron Announces U.K. Plans for Debut Issue of Islamic Gilts
Rand Paul stirs business ire over blocking of U.S. tax treaties
Bakken Oil Explorers Told to Cut Flaring or Face Oil Production Caps
Suit Goes To Bat For Future Taxpayers [1986]
Syria asks United Nations to 'prevent Western aggression'
Irish man facing U.S. extradition for hosting largest child porn network on the planet
Forget cursive: Teach kids how to code
Snapchat's young users snap up stock — and want more IPOs
Manhattan's New Most Expensive Listing: A $130 Million Penthouse
U.S. Agencies to Say Bitcoins Offer Legitimate Benefits