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The producer price index in the United States in April rose by 0.2% compared to March, when its growth was at the level of 0.6%, the data of the country's Ministry of Labor showed. The indicator confirmed market forecasts. Compared with the same month a year earlier, the index rose by 2.2%, just as in the previous month. Economists had expected an increase of up to 2.3%. Prices that do not take into account energy, trade services and foodstuffs increased by 0.4% compared to March, the fastest rates since January last year. In annual terms, the figure increased by 2.2%, accelerating growth in comparison with the March rise by 2%. Wholesale energy prices increased by 1.8%, slowing the rise after a 5.6% increase in March. Food prices fell 0.2%. Prices for basic goods remained at the level of March, when there was a growth of 0.2%. Services went up by 0.1%. A month earlier, their value increased by 0.3%.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...
Gold prices fell earlier on Tuesday in Asia as the Dollar strengthened, pulling traction away from the yellow metal. Gold futures fell by 0.85% to $1,798.65 per ounce at 1:12 AM ET (6:12 AM GMT), still remaining above the $1,800 level. Losses ...
Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...
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