US Producer Inflation Muted Before Import Tariffs Blast
U.S. producer prices notched their first monthly decline in nearly 1-1/2 years in March as gasoline prices plunged, but tariffs on imported goods are expected to significantly boost inflation in the coming months.
Trade tensions have escalated between the United States and China, the main source of imports, making last month's producer price index report published by the Labor Department on Friday dated. The impact of tariffs is already evident in surging prices for steel mill products.
President Donald Trump this week hiked duties on Chinese...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.