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The producer price index jumped 0.6% in January, the government said Tuesday, marking the largest advance since the fall of 2012. For the year, the measure rose only 1.6 percent, down a tenth from the result recorded in December. Economists had expected prices to increase by 0.3 percent. The expectation for higher inflation could trigger a more aggressive interest rates hike by the Federal Reserve to control the inflation. While rising demand and higher commodity costs are reviving price pressures in the production pipeline, renewed strength in the dollar may pose a headwind. Half of that pickup was due to a 12.9 percent surge in gasoline. The rise in producer prices comes as manufacturers are reporting paying more for raw materials.
Producer prices (PPI) rose 1.6 percent year over year in January versus a 1.6 percent rise in December.
Margins for retailers also climbed sharply in January, though it's a volatile category that swings sharply from month to month and often skews the wholesale report. Transportation and warehousing services prices climbed 1.1 percent. Over the past 12 months wholesale costs have risen 1.6%, but as recently as one year ago they were basically negative.
Excluding food and energy, wholesale prices rose 0.4 percent from the previous month after a 0.1 percent rise. The increase was led by a 4.7% rise in the index for final demand energy.
Ryan averaged just over nine yards per pass, the highest rate ever for a quarterback with more than 400 completions in a season. A lot has been said this year in MVP conversations about how unbelievable Rodgers was down the stretch of the regular season.
Equities research analysts predict that Marathon Petroleum Corporation will post $1.96 EPS for the current fiscal year. The company had revenue of $17284.00 million for the quarter, compared to analysts expectations of $16000.00 million.
Recorded on a dashcam of another vehicle, the clip shows the truck struggling to keep upright against the 90mph winds. Another strong gust of wind hit and the semi-trailer tipped over completely - landing right on the parked auto .
It costs about $135,000 compared to a $1.5 million Ferrari LaFerrari, $1.1 McLaren P1 or the $845,000 Porsche 918 Spyder. For comparison, it takes 2.99 seconds to get there in a Toyota Camry XSE, "America's most ordinary vehicle ".
The previous record was 618,365 set past year . "To shoot 7 under on Sunday, when I know I had to do it, is a great feeling". Jordan Spieth shot 67 and finished 12 under, as did first-round leader Matt Kuchar, who shot 70.
In advance of Niko, many airlines have posted travel alerts warning passengers their flights could be cancelled. You can see an updated list of closures for the region as they become available from our partners at NBC 4 NY .
A loss puts her at.500 in the UFC and loser of three straight. "We're both stand-up fighters, but this is MMA", de Randamie said. But just under four years later, the women's bantamweight division is thriving, even as Rousey's career appears all but over.
A PMI reading above 50 indicates an expansion in manufacturing activity, while a reading below that points to a contraction. Markit say that the Jan numbers still show positive signs and could put the United Kingdom on course for 0.5% growth in Q1.
Oakley, who owns two vehicle washes, one in Brooklyn and another in Yonkers, New York, paid for the $1,067 courtside seat himself. James Dolan!' I mean, that's embarrassing, man. "Everything he has said since the incident is pure fiction".
Backcountry Hunters and Anglers also asked its members to complain about the legislation, according to The Hill . Several of the 20 representatives came from California and Texas, the rest were spread across the country.
Dozens dead as Taiwan tour bus flips over near Taipei
Taiwanese television footage showed the bus careening toward a road barrier at a highway curve before flipping on its side. Numerous passengers were elderly, although the age range was early 20s to late 60s, according to city authorities.
DeVos will lead demise of public education
She said she was both surprised, and not surprised, that the university was chosen for a first visit. Because I found a path that included public education and quality public education.
Landslides kill 12 on Indonesia's Bali island
Sutopo also said more heavy rain is possible in the coming days, which could mean additional landslides and flooding. Earlier, 12 people were killed in landslides that wiped out several homes in three mountain villages.
Sean Spicer Slams NBC Reporter on Navy SEAL's Death in Yemen
But observers monitoring the conflict estimate that between 380 and 801 civilians were killed by drone strikes in that period. On Telegram, channels affiliated with al-Qaeda celebrated Trump's " failure in the first military operation he had ordered".
GM, Ford, Fiat Chrysler sales down in January
But they're expected to return in the coming months as the weather improves and tax refunds and deals on new vehicles spur demand. GM's inventory, for instance, could come down in coming months as the auto maker lays off thousands at vehicle plants in the U.S.
Britain's Parliament Votes to Trigger Brexit
However, a few prominent MPs, such as Tory Ken Clarke and Lib Dem leader Tim Farron said they would vote against the bill. The main opposition Labour Party said it will try to amend the bill but not block it.