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Jump in hotel, airline, food costs may signal higher prices coming for consumers

Jump in hotel, airline, food costs may signal higher prices coming for consumers

May 12, 2017

Via: CNBC
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Inflation data, retail update to drive markets on Friday: Stock picker  Thursday, 11 May 2017 | 5:39 PM ET | 01:12
Inflation is back, after disappearing in March, and it’s showing up in a broad range of costs for goods and services — from food to hotels.

The producer price index, a measure of inflation at the wholesale level, rose 0.5 percent in April, or 2.5 year over year, in the biggest 12-month increase since February 2012. Consumer inflation is due out Friday morning, and some economists say the hotter PPI could mean the current forecast may be too low. April CPI is expected to show a 0.2 percent gain in core CPI, or 2 percent year over year, compared with a decline of 0.1 percent in March.

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