{"id":1946741,"date":"2023-06-14T08:53:02","date_gmt":"2023-06-14T12:53:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-fell-to-1-1-in-may-in-producer-price-index\/"},"modified":"2023-06-14T08:54:16","modified_gmt":"2023-06-14T12:54:16","slug":"inflation-fell-to-1-1-in-may-in-producer-price-index","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-fell-to-1-1-in-may-in-producer-price-index\/","title":{"rendered":"May&#8217;s producer price index saw a decrease in inflation to 1.1%."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Finflation-fell-to-1-1-in-may-in-producer-price-index%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1946741&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Inflation Falls to 1.1% Annual Rate in May<\/h2>\n<blockquote>\n<p>The Bureau of Economic Analysis reported Wednesday morning that inflation fell to a 1.1% annual rate in May, as measured by the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-u-s-producer-price-index-skyrockets-registers-twice-as-high-as-expected-for-april\/\" title=\"BREAKING: U.S. Producer Price Index Skyrockets, Registers Twice As High As Expected For April\">producer price index<\/a>. On a month-to-month basis, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-fell-to-1-1-in-may-in-producer-price-index\/\" title=\"May's producer price index saw a decrease in inflation to 1.1%.\">wholesale price index declined<\/a> by 0.3%. This is some more encouraging inflation news a day after another key inflation report came back better than expected.<\/p>\n<\/blockquote>\n<h3>House Passes First Bill to Block Federal Government\u2019s Gas Stove Ban<\/h3>\n<p>This decrease is an indication that inflationary pressures are abating in the face of the Federal Reserve\u2019s campaign to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-fell-to-4-2-in-march-according-to-key-gauge-watched-by-fed\/\" title=\"Inflation fell to 4.2% in March, according to key gauge watched by Fed\">slow economy-wide spending<\/a> by hiking interest rates. However, while the headline PPI numbers show wholesale inflation running at a healthy level, core inflation, which strips out movement in volatile food, energy, and transportation, is still hotter than is healthy. It clocked in at a 2.8% annual rate in May.<\/p>\n<p>Wednesday\u2019s PPI report comes a day after the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/manchin-every-senator-thinks-minimum-wage-should-be-increased\/\" title=\"Manchin: Every Senator Thinks Minimum Wage Should Be Increased\">consumer price index<\/a>, which is even more closely watched, was released. The CPI fell to a 4% annual rate, a downward revision from the prior report. The annual CPI inflation rate has been trending down since peaking last June and is now running at the lowest level since March 2021, right around when the country\u2019s inflationary woes first began. However, that 4% inflation is still about double what the Fed sees as healthy.<\/p>\n<p>The Fed has been hiking rates for more than a year. Top central bank officials have been meeting for the past two days to decide whether to raise interest rates again. The new reports will undoubtedly be debated during the meeting, but most investors think the Fed will opt to pause rates for the first time since the tightening began.<\/p>\n<ul>\n<li>Investors assigned about a 94% chance that the Fed will pause rate hiking, according to CME Group\u2019s FedWatch tool, which calculates the probability using futures contract prices for rates in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/powell-set-to-testify-before-congress-heres-what-to-expect\/\" title=\"Powell set to testify before Congress \u2014 here's what to expect\">short-term market targeted<\/a> by the Fed.<\/li>\n<\/ul>\n<p>The central bank will make the announcement on its rate decision on Wednesday afternoon, and Fed Chairman Jerome Powell will address the nation during a news conference.<\/p>\n<p>Stay tuned for more updates on the Fed&#8217;s decision and its impact on the economy.<\/p>\n<p><strong>Click here to read more from The Washington Examiner.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>May&#8217;s producer price index showed a 1.1% annual rate drop in inflation. The wholesale price index also fell by 0.3% on a monthly basis, according to the Bureau of Economic Analysis. This follows positive inflation news from another report.<\/p>\n","protected":false},"author":1,"featured_media":1946742,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[9007,10279,5708,28136,7145,6333],"class_list":["post-1946741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-1-1","tag-decrease","tag-inflation","tag-mays","tag-price","tag-producer"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1946741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1946741"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1946741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1946742"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1946741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1946741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1946741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}