What parts of the world are seeing the highest wholesale inflation? Here is a ranking of countries with the highest rates of growth in their producer price index, or PPI:
Business inventories in the U.S. increased in line with economist estimates in the month of April, according to a report released by the Commerce Department on Wednesday. The Commerce Department business inventories climbed by 0.5 percent in April after jumping by an upwardly revised 1.0 percent in March.
A report released by the National Association of Realtors on Wednesday showed a substantial increase in pending home sales in the U.S. in the month of May. NAR said its pending home sales spiked by 3.8 percent to 76.8 in May after rising by 0.3 percent to a downwardly revised 74.0 in April. Economists had expected pending home sales to advance by 0.9 percent.
A report released by the Energy Information Administration on Wednesday showed crude oil inventories in the U.S. tumbled by much more than expected in the week ended June 12th. The EIA said crude oil inventories plunged by 8.3 million barrels last week after slumping by 7.2 million barrels in the...
Malta's EU measure of inflation moderated in May to the lowest level in more than a year. The harmonized index of consumer prices, or HICP, climbed 2.1 percent year-on-year in May, slower than the 2.5 percent increase in the previous month. The annual price growth in food and non-alcoholic beverages eased to 2.0 percent in May from 3.8 percent in April.