CNN: U.S. Wholesale Inflation Rises Again in March, ‘It’s Stubborn’

SIDNER All right Brand ░░░░░░░░ this morning Wholesale prices ░░░░░░░░ again last month It ░░░░░░░░ now at the highest ░░░░░░░░ since April of 2023 ░░░░░░░░ s Paula Newton is ░░░░░░░░ me now from Ottawa ░░░░░░░░ we ve got Arlette ░░░░░░░░ as well joining us ░░░░░░░░ the White House Paula ░░░░░░░░ want to start with ░░░░░░░░ because these numbers just ░░░░░░░░ in This is definitely ░░░░░░░░ what anyone wants to ░░░░░░░░ about inflation We ve ░░░░░░░░ seen it rising again ░░░░░░░░ s stubborn NEWTON Yeah ░░░░░░░░ is stubborn And yet ░░░░░░░░ can all take a ░░░░░░░░ bit of a chill ░░░░░░░░ take a breather through ░░░░░░░░ numbers And here s ░░░░░░░░ It came in a ░░░░░░░░ bit lower than estimates ░░░░░░░░ want you to look ░░░░░░░░ the month over month ░░░░░░░░ the year over year ░░░░░░░░ we re at 0 ░░░░░░░░ percent That was actually ░░░░░░░░ little bit lower than ░░░░░░░░ And here s an ░░░░░░░░ number right 2 1 ░░░░░░░░ year over year You ░░░░░░░░ not wrong Sara there ░░░░░░░░ a lot of concern ░░░░░░░░ if this is what ░░░░░░░░ companies are paying for ░░░░░░░░ and they continue to ░░░░░░░░ a bit of an ░░░░░░░░ trend it means sooner ░░░░░░░░ later they will likely ░░░░░░░░ passing a lot of ░░░░░░░░ costs on to us ░░░░░░░░ I want you to ░░░░░░░░ at now though is ░░░░░░░░ 12 month trend on ░░░░░░░░ producer price index And ░░░░░░░░ can see just at ░░░░░░░░ end there as we ░░░░░░░░ into early spring that ░░░░░░░░ is ticking up And ░░░░░░░░ is the trendline that ░░░░░░░░ is worried about As ░░░░░░░░ said markets right now ░░░░░░░░ reacting too much This ░░░░░░░░ pretty flat That though ░░░░░░░░ on the heels Sara ░░░░░░░░ ll remember of that ░░░░░░░░ inflation number right which ░░░░░░░░ everyone worried And if ░░░░░░░░ have a look at ░░░░░░░░ inflation trend in America ░░░░░░░░ now this is what ░░░░░░░░ worrying everyone We all ░░░░░░░░ the battle days the ░░░░░░░░ couple of years when ░░░░░░░░ go to the grocery ░░░░░░░░ or anywhere really and ░░░░░░░░ look at the price ░░░░░░░░ you honestly could not ░░░░░░░░ the inflation The Federal ░░░░░░░░ seems to have things ░░░░░░░░ control The economy is ░░░░░░░░ But there s still ░░░░░░░░ to worry about And ░░░░░░░░ real reason is the ░░░░░░░░ that there might be ░░░░░░░░ upward trend You know ░░░░░░░░ the Federal Reserve wants ░░░░░░░░ to be down to ░░░░░░░░ percent That s something ░░░░░░░░ can deal with Two ░░░░░░░░ inflation year over year ░░░░░░░░ doubt now whether or ░░░░░░░░ the Fed cut actually ░░░░░░░░ to that by the ░░░░░░░░ of this year But ░░░░░░░░ s one other important ░░░░░░░░ I want you to ░░░░░░░░ at and that is ░░░░░░░░ vs Wages You can ░░░░░░░░ that Americans are doing ░░░░░░░░ well right in terms ░░░░░░░░ actually their wages not ░░░░░░░░ keeping up with inflation ░░░░░░░░ also perhaps surpassing it ░░░░░░░░ know it doesn t ░░░░░░░░ that way and the ░░░░░░░░ that worries everyone is ░░░░░░░░ inflation will then begin ░░░░░░░░ really bite into the ░░░░░░░░ into those hard earned ░░░░░░░░ increases that everyone s ░░░░░░░░ fighting for I will ░░░░░░░░ this is just you ░░░░░░░░ once that data set ░░░░░░░░ you know set of ░░░░░░░░ The Federal Reserve in ░░░░░░░░ of looking at interest ░░░░░░░░ will be looking at ░░░░░░░░ carefully Everyone wants those ░░░░░░░░ rates to come down ░░░░░░░░ of course the White ░░░░░░░░ Sara?”