Politic > U.S.

US wholesale prices fell 0.2% in June as food costs plunged

28 days ago   |   By Boston Herald

WASHINGTON - U.S. wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices.
The drop in the Producer Price Index, which measures inflation pressures before they reach consumers, followed a 0.4% gain in May, the Labor Department reported Friday. Wholesale prices have fallen in four of the past five months.
The country has been pushed into a deep recession that is expected to lead to an unprecedented contraction of the economy in the April-June quarter. It is likely the downturn, triggered by the coronavirus pandemic, will keep inflation...
Read more ...

 


Search by Tags

   U.S.      Food      Economy      Business      Latest Headlines      Nation      News      Coronavirus      Health      Wholesale  


Jerry Falwell Jr. will take ‘indefinite leave of absence' from Liberty...

Jerry Falwell Jr. will take ‘indefinite leave of absence' from Liberty University after viral photo

Jerry Falwell Jr. has agreed to take “an indefinite leave of absence” from his role as president of Liberty University after the release of a viral photo that showed him... Read more ...

Russia targeting Biden but China working against Trump, counterintel chief says

Russia targeting Biden but China working against Trump, counterintel chief says

U.S. intelligence officials have concluded that Russia is targeting former vice president Joe Biden ahead of November's election, the country's top counterintelligence official... Read more ...

Trump and Macron discuss sending aid to Lebanon

Trump and Macron discuss sending aid to Lebanon

PARIS - President Donald Trump and his French counterpart Emmanuel Macron spoke over the phone Friday about working with other countries to send immediate aid to Lebanon, the... Read more ...

Treasury sanctions Hong Kong's leader in latest China escalation

Treasury sanctions Hong Kong's leader in latest China escalation

The Treasury Department has imposed sanctions against Hong Kong leader Carrie Lam, the latest Trump administration action aimed at curbing Beijing's influence over the... Read more ...

How The Coronavirus Has Affected Individual Members Of Congress

How The Coronavirus Has Affected Individual Members Of Congress

Congress saw its first two members enter self-quarantine on March 8. Later that month, seven members tested positive or were presumed so and dozens more were quarantined. The... Read more ...

White House, Dem leaders make one last try on coronavirus relief deal

White House, Dem leaders make one last try on coronavirus relief deal

White House and top Democratic leaders will take one last shot at reaching a new coronavirus relief deal Friday afternoon. The final discussions come as President Donald Trump... Read more ...

Postmaster General Touts USPS Overhaul, But Promises On-Time Election Mail

Postmaster General Touts USPS Overhaul, But Promises On-Time Election Mail

Louis DeJoy's political donations have sparked questions about whether he has an interest in affecting the delivery of mail ballots. He said the postal service has "ample... Read more ...

Top GOP lawmaker calls on Falwell to resign as Liberty University president

Top GOP lawmaker calls on Falwell to resign as Liberty University president

A top House Republican with ties to Liberty University is calling on Jerry Falwell Jr. to step down as president of the large Christian school in the wake of a viral photo that... Read more ...

Judge dismisses Republican lawsuit seeking to block proxy voting

Judge dismisses Republican lawsuit seeking to block proxy voting

A federal judge has dismissed House GOP Leader Kevin McCarthy's lawsuit seeking to overturn the House's adoption of proxy voting - a measure embraced by Democrats to permit... Read more ...

Iran envoy Hook resigns, replaced by Abrams

Iran envoy Hook resigns, replaced by Abrams

U.S. Special Representative for Iran Brian Hook is resigning from his role at the State Department, Secretary of State Mike Pompeo announced Thursday, and will be replaced by... Read more ...