Economic News

Wholesale prices rose 1.1% in May, more than expected, on surge in energy

The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.

Wholesale prices rose 1.1% in May, more than expected

The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.

ECB hikes interest rates for first time since 2023 as Iran war ramps-up energy costs

Consumer prices rose 4.2% annually in May, highest in three years

The consumer price index was expected to show a 4.2% gain from a year ago, according to the Dow Jones consensus estimate.

Energy prices take center stage as the ECB prepares to decide on rates

The ECB is expected to raise rates by 25 basis points as higher energy prices drive inflation and raise concerns about broader price pressures.

The May inflation numbers are due out Wednesday morning. Here's what to expect

If the Wall Street consensus is correct, the consumer price index is expected to show inflation running at a 4.2% annual rate.

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