Ticker: US wholesale inflation accelerated in January in latest sign that prices picked up last month
Wholesale prices in the United States accelerated in January, the latest sign that some inflation pressures in the economy remain elevated.
The producer price index — which tracks inflation before it reaches consumers — rose 0.3% from December to January after having fallen -0.1% from November to December. Measured year over year, producer prices rose by a mild 0.9% in January. Excluding volatile food and energy costs, “core” wholesale prices rose 0.5%, the most since last July. Compared with a year ago, core prices climbed 2%, up from 1.7% in the previous month.
Americans divided on TikTok ban even as Biden campaign joins the app, AP-NORC poll shows
President Joe Biden’s campaign is embracing TikTok to court younger voters ahead of the presidential elections, but U.S. adults have mixed views about whether the video-sharing app should even operate in the country.
A new poll by The Associated Press and NORC Center for Public Affairs Research finds a three-way split when it comes to banning the app. The poll shows 31% of U.S. adults would would favor a nationwide ban on TikTok use, while 35% say they would oppose that type of action. An additional 31% of adults say they neither favor nor oppose a ban on the social media platform, which is owned by Beijing-based ByteDance.
Talks of a TikTok ban reached a fever pitch in the U.S. early last year after a series of Western lawmakers, governments and regulators raised concerns that a set of Chinese laws could force the company to share user data with the country’s authoritarian government.