US wholesale inflation rises 5.4% as diesel costs surge

Questions about this coverage

How did the left and right cover US wholesale inflation rises 5.4% as diesel costs surge?

Of the 22 outlets on this story carrying a published leaning rating, 9% are rated left, 32% are rated centre, 59% are rated right. Those percentages are shares of the rated outlets, not of every outlet that ran it, which was 46. The sections above set out what each side emphasised, in its own terms.

Is US wholesale inflation rises 5.4% as diesel costs surge left or right?

Neither side dominates it. Of the 22 rated outlets on this story, 9% are rated left, 32% are rated centre, 59% are rated right, and no side holds the 70% this site would want before calling a field one-sided. A story is not left or right in any case; the outlets that carried it are what carry ratings.

Is the coverage of US wholesale inflation rises 5.4% as diesel costs surge biased?

US wholesale inflation rises 5.4% as diesel costs surge is one event reported by 46 outlets, and this page does not rate the story as biased or unbiased. What it publishes is the spread: which outlets ran it, where named rating organisations place each of them on the spectrum, and what each side chose to lead with. A leaning rating describes an outlet's record over time, not this article, and the two should not be run together.

Which side is not reporting US wholesale inflation rises 5.4% as diesel costs surge?

When we first saw this story, outlets rated left had barely covered it. Coverage accretes for hours after an event, so that is where to look rather than a verdict — the split above is the current count, and it is the one to read.

Which outlets covered US wholesale inflation rises 5.4% as diesel costs surge?

46 that we know of, every one of them listed further up this page with a link to its own report and to what we hold on the publisher. Nothing here is a summary of somebody else's summary: the outlets are named so the original reporting can be read.

What was the US wholesale inflation rate in August?

US wholesale inflation, measured by the Producer Price Index (PPI), rose by 5.4 per cent year-on-year in August. This figure exceeded economists' expectations and indicated an acceleration from the previous month.

What caused the increase in wholesale inflation?

The rise in wholesale inflation was primarily driven by a significant increase in energy costs, particularly a 24.1 per cent surge in the price of diesel fuel. This pushed the national average price of diesel to US$5.98 per gallon.

How is this data expected to affect Federal Reserve policy?

The hotter-than-expected inflation data has increased the likelihood of a Federal Reserve interest rate hike. According to the CMEGroup's FedWatch tool, there is nearly a 70 per cent probability of a 25 basis points rate increase at the upcoming Federal Reserve meeting.

How did US stock markets react to the news?

US stock markets opened lower on Thursday following the release of the producer price data. Investors were digesting the economic figures, which also coincided with rising oil prices.