US producer prices rose 2.6% annually in May, matching market expectations, with a modest 0.1% increase from April, the US Bureau of Labor Statistics reported.
Producer prices in the United States increased by 2.6% year-on-year in May, in line with analysts’ forecasts, according to data released Thursday by the US Bureau of Labor Statistics. This marks a slight acceleration from the 2.4% rise recorded in April. On a monthly basis, producer prices edged up by 0.1%. The increase was driven mainly by a 0.1% rise in prices for final demand services and a 0.2% growth in final demand goods. Additionally, prices excluding food, energy, and trade services also saw a marginal increase of 0.1% in May.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 7th of October, covering the latest developments you need to k...
Israelis held a memorial ceremony in Kfar Aza near the Gaza Strip on Tuesday to commemorate those killed and taken hostages by Hamas on 7 October, 202...
Delegations from Israel and Hamas held their first day of indirect negotiations in Egypt on Monday on U.S. President Donald Trump's plan to halt the w...
Indonesian authorities have ended rescue operations on Tuesday at the collapsed Al Khoziny Islamic boarding school in Sidoarjo in East Java, where 61 ...
Heads of state are due to start arriving in the Amazonian city of Belém in a month’s time for the United Nations climate summit, yet much of the in...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 7th of October, covering the latest developments you need to know.
Israelis held a memorial ceremony in Kfar Aza near the Gaza Strip on Tuesday to commemorate those killed and taken hostages by Hamas on 7 October, 2023.
Delegations from Israel and Hamas held their first day of indirect negotiations in Egypt on Monday on U.S. President Donald Trump's plan to halt the war in Gaza, wrestling with contentious issues such as demands that Israel withdraw and Hamas disarm.
Indonesian authorities have ended rescue operations on Tuesday at the collapsed Al Khoziny Islamic boarding school in Sidoarjo in East Java, where 61 people were confirmed dead in the country's deadliest disaster this year.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
The currency swap agreement signed between the central banks of Türkiye and the United Arab Emirates (UAE) is set to strengthen Türkiye’s digital banking sector and attract fresh investment from the Gulf.
Shein is opening its first permanent physical stores in France, starting in Paris and expanding to five more cities. The fast-fashion giant aims to test brick-and-mortar retail in one of the world’s most influential fashion markets.
Tesla sales hit a record 497,099 vehicles in Q3 as buyers rushed before the U.S. tax credit expired according to reports. Despite the surge, experts warn the gains may not last amid rising competition.
American soybean farmers are struggling as China, once their largest buyer, shifts purchases to Argentina amid trade tensions and export incentives.
U.S.-based aviation company Boeing is preparing to produce a new narrow-body, single-aisle aircraft to replace its 737 Max model, sources report.
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