SUBSCRIBERS
US producer prices rise broadly in February
Published Tue, Mar 14, 2017 · 09:50 PM
Washington
US producer prices increased more than expected in February, and the year-on-year gain was the largest in nearly five years, pointing to a steady rise in inflation pressures.
The Labor Department said on Tuesday that its producer price index for final demand increased 0.3 per cent last month after rising 0.6 per cent in January. Economists polled by Reuters had forecast a 0.1 per cent uptick.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Thai power demand hits record as extreme heat prompts warnings
Philippines denies deal with China over disputed South China Sea shoal
‘Everyone sits out’: Yangon parks offer heatwave relief
When US diplomats visit China, meal choices are about more than taste buds
China’s first-quarter industrial profits rise at slower pace
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia