US wholesale prices dip, annual gain at 5-year high: HumSub.TV
US wholesale prices dip, annual gain at 5-year high: HumSub.TV: US wholesale inflation fell slightly in March but the annual measure hit its fastest pace in five years, the Labor Department reported Thursday.
While analysts had been expecting a monthly slowdown, the longer-term results reflected persistent upward pressures in the cost of goods, which can filter through to prices consumers pay.
The Producer Price Index, which measures input costs from the seller s perspective, dropped 0.1 percent for the month, largely driven by a decline in services, according to the report.
Excluding the more volatile food, energy and trade categories, and the index went in the other direction, rising 0.1 percent, the tenth consecutive monthly gain.
Analysts had expected a smaller monthly drop, keeping the price index essentially unchanged from the month before.
Blerina Uruci of Barclays described the monthly slowdown as a pause in otherwise strong price growth.
“We view this as a breather in this measure after accelerating significantly since the middle of 2016,” she wrote in a research note.
“We continue to expect inflation pressures to remain solid in the economy, as labor markets continue to tighten and the dollar and commodity prices are broadly stable.”
On a yearly basis, however, PPI rose 2.3 percent, the largest 12-month gain since March 2012, albeit only a tenth higher than the annual rate in February.
Excluding food, energy and trade, core PPI rose 1.7 percent compared to a year earlier, down a tenth of a point from the month before.
The annual PPI increase has set consecutive records, and the US central bank has raised its benchmark interest rates twice since December to get out in front of consumer inflation before it accelerates.
Ian Shepherdson, chief economist at Pantheon Macroeconomics, said rising prices could begin to threaten the Federal Reserve s two percent target for consumer price inflation.
“So far, the upturn in PPI goods prices has not hit” the key consumer price measures, “but it will, and it represents the biggest single near-term threat to the Fed s inflation target,” he said in a research note.
US wholesale prices dip, annual gain at 5-year high: HumSub.TV
US wholesale prices dip, annual gain at 5-year high: HumSub.TV
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Introduction
HumSub TV is Pakistan’s leading forwarding-thinking, edutainment channel, aimed at promoting and upholding peace, interfaith harmony and social responsibility within Pakistan through informative and insightful programmes and documentaries; analytical interviews on issues pertaining to social, economic, legal and environmental set-up; dedicated shows to canvass and thereby promote the culture and heritage of Pakistan and in-depth coverage of national and international news.
HumSub TV is the first channel and thus a pioneer within its own right that mainly focuses on emphasising the “Rights” as well as the “Obligations” of the citizens in light of the Constitution of Pakistan, numerous International declarations signed by the Government and various laws that have been promulgated over the years but are not in the knowledge of the common citizen.
HumSub TV also aims to enter into bilateral agreements with other countries to promote not only their culture, heritage and tourism, but also their educational and medical facilities.
Following the successful launch of HumSub TV’s head office in Blue Area, Islamabad; the bureau office has been set up in Lahore.
Vision
To project positive image building of Pakistan and inculcate nationalism, as per the vision of the founder of the nation, Quaid-e-Azam Mohammad Ali Jinnah.
Mission
HumSub TV is resolute about the promotion of a pluralistic, inclusive and egalitarian society in Pakistan where all citizens are allowed to contribute to promote interfaith harmony, peace and collective wisdom in the social, political and economic development of Pakistan and to encourage critical and lateral thinking in the society. HumSub TV strives to make a positive contribution to this end.
HumSub TV’s Theme
HumSub TV, Pakistan’s first EDUTAINMENT Channel, has been set up for not only those audience residing in Pakistan or overseas but the international community on the whole. The vision of the channel is to project positive image building of Pakistan and inculcate nationalism as per the vision of the founder of the nation.
HumSub TV strives to make a positive contribution to this end by promoting pluralism, inclusiveness and egality in Pakistan and give voice to the suppressed. It endeavors to act as a positive catalyst for social change and Pakistani nationalism. It envisions providing a platform for airing critical and lateral thinking and collective wisdom by inviting positive minded intellectuals and opinion forming individuals for the promotion of interfaith harmony and peace in the social, political and economic development of Pakistan.
Whereas the channel airs upbeat edutainment programmes, it, nonetheless, has the primary objective of countering negative anti-Pakistan regional and international propaganda as well as advancing fundamental rights as encapsulated in the Constitution of Pakistan.
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