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☆ US wholesale inflation closes out 2023 with 1% annual rate in December
▼ + stars: | 2024-01-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

US producer prices fell in December for the third consecutive month, bringing a closely watched gauge of inflation to a rate more in line with pre-pandemic times. Wholesale inflation as measured by the Producer Price Index rose 1% annually in December, up slightly from November’s revised 0.8% reading, according to data released Friday by the Bureau of Labor Statistics. On Thursday, the December Consumer Price Index, which is the most widely used measure of retail inflation, showed prices rose annually by 3.4%. “Producers are not facing costs that need to be pushed through to consumers in order to maintain their bottom lines that would reignite inflation,” Rankin said. The US central bank has become increasingly data dependent in its campaign to bring down inflation.

Persons: Price, we’ve, Kurt Rankin, Rankin, “ there’s, Eugenio Aleman, Raymond James ’, ” Rankin, “, —, ” Organizations: New, New York CNN, Bureau of Labor Statistics, PPI, PNC Financial Services, CNN, “, PNC Locations: New York, United States

☆ PPI: US wholesale inflation rose more than expected in July
▼ + stars: | 2023-08-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

Minneapolis CNN —US wholesale inflation rose more than expected in July, reversing a yearlong cooling trend, the Bureau of Labor Statistics reported Friday. Services prices rose 0.5% from June, the highest monthly increase since March 2022 for the category, BLS data shows. Still more to comeThe report comes just one day after the Consumer Price Index showed that prices rose 3.2% annually in July. Similar base effects played their role in the headline PPI increase as well, noted Rankin. When stripping out the more volatile categories of food and energy, core PPI rose 2.4% annually in July.

Persons: Price, Kurt Rankin, ”, ” Rankin, Rankin, “, Matthew Martin, Oren Klachkin, Dow Organizations: Minneapolis CNN, of Labor Statistics, Refinitiv, PPI, Services, PNC Financial Services, CNN, “, Federal Reserve, Oxford, ” Energy, Fed, Federal Locations: Minneapolis, That’s

☆ CPI in May: US inflation cooled significantly — but it's still not where the Fed wants it
▼ + stars: | 2023-06-13 | by ( Alicia Wallace | ) edition.cnn.com time to read: +8 min

The Consumer Price Index, a key inflation gauge that measures price changes for a basket of goods and services, increased 4% for the year ending in May. That represents a sharp pullback from April’s 4.9% and is slightly below economists’ expectations for a 4.1% gain, according to Refinitiv. It’s the 11th consecutive month that inflation has slowed, and it’s a welcome reprieve from the painful shock of persistently high inflation endured during the past two years. The Fed would like to see inflation (as measured by the core Personal Consumption Expenditures index) settle in at 2%. Markets are currently pricing in a 95.3% probability that the Fed pauses on Wednesday, according to CME FedWatch.

Persons: It’s, “, Nancy Vanden Houten, it’s, Chris Zaccarelli, “ They’ve, ”, Scott Olson, Vanden Houten, There’s, Kurt Rankin, ” Rankin Organizations: Minneapolis CNN, Bureau of Labor Statistics, Oxford Economics, CNN, Federal Reserve, Independent, CPI, Fed, FedWatch, Walmart, Federal Reserve Bank, Richmond, Hospitality, PNC Financial Services, PNC, United Locations: Minneapolis, Chicago , Illinois, United States

☆ Erythritol, an ingredient in stevia, linked to heart attack and stroke, study finds
▼ + stars: | 2023-02-27 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

CNN —A sugar replacement called erythritol — used to add bulk or sweeten stevia, monkfruit and keto reduced-sugar products — has been linked to blood clotting, stroke, heart attack and death, according to a study. “If your blood level of erythritol was in the top 25% compared to the bottom 25%, there was about a two-fold higher risk for heart attack and stroke,” Hazen said. Clots can break off and travel to the heart, triggering a heart attack, or to the brain, triggering a stroke. “There appears to be a clotting risk from using erythritol,” Freeman said. In all three populations, researchers found that higher levels of erythritol were connected to a greater risk of heart attack, stroke or death within three years.

Persons: ”, Stanley Hazen, ” Hazen, “, erythritol, Andrew Freeman, ” Freeman, Robert Rankin, ” Rankin, Hazen, “ It’s, Erythritol, Hazen’s, Oliver Jones, ” Jones, You’ll, Health’s Freeman Organizations: CNN, Center for Cardiovascular Diagnostics, Cleveland Clinic Lerner Research Institute, People, Nature, Jewish Health, European Association of Polyol, Cleveland Clinic’s Center, Human, RMIT University, National Health, European Food Safety Authority, Food and Drug Administration Locations: Denver, United States, Europe, erythritol, Australia

☆ Jules Bass, who brought ‘Rudolph the Red-Nosed Reindeer’ to TV, dies at 87
▼ + stars: | 2022-10-27 | by ( Scottie Andrew | ) edition.cnn.com time to read: +4 min

Jules Bass brought them all to vivid, animated life on TV. Bass, who helmed beloved animated Christmas specials like “Rudolph the Red-Nosed Reindeer” and “Frosty the Snowman,” died this week, publicist Jennifer Ruff told CNN. But the duo left a permanent mark on TV with the 1964 debut of “Rudolph the Red-Nosed Reindeer,” a stop-motion special based on the Christmas story and popular song. It’s since become one of the longest-running Christmas specials in history, airing on TV nearly every year since its first run. "Frosty The Snowman," based on the Christmas standard, has become a beloved TV special.

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