WASHINGTON — U.S. wholesale costs fell in March, an indication that inflationary pressures within the economic system are easing greater than a yr after the Federal Reserve started aggressively elevating rates of interest. Plunging power costs pulled the federal government’s producer worth index down 0.5% ...

The impacts of upper costs are being felt within the Tesco boardroom as earnings have fallen regardless of a rise in gross sales.High power and labour prices, together with meals inflation at 17.5%, have harm the corporate's incomes energy. But the retailer additionally introduced a discount within the value of milk for the primary time since May 2020. The price has dropped from 95p to 90p a pint and from £1.30 to £1.25 for 2 pints. Prices on greater than 1,000 on a regular basis objects might be frozen till early July.The chain additionally introduced it can purchase again one other £750m value of shares along with the £1bn it has already purchased again.It reported earnings of £2.63bn, down from £2.82bn the yr earlier than regardless of revenues rising to £65.7bn over the y...