According to the US Department of Labor’s Producer Price Index (PPI), wholesale prices increased for the seventh consecutive month in January.
Per Bloomberg, the proximate cause were the prices of crude oil and other raw commodities. Producers are expected to be able to pass along these price increases to their customers, though the Federal Reserve does not expect these price increases to result in a marked increase in consumer price inflation.
Hiring the right accountant When I meet a business owner operating at a successful $10 million in revenue, they often mention, “My CPA”… I immediately know that CEO/Entrepreneur is referring to their Tax CPA. That is because one thing that all Entrepreneurs have in common is that they must file a tax return. So, from