The Bureau of Labor Statistics (BLS) reported wholesale inflation prices in April rose 11% from April 2021. The pace slowed slightly from the 11.5% year-over-year increase reported in March, the highest increase on record.
LKQ Corp., parent company of NTP-Stag, reported container shipments from Taiwan increased during the first quarter of 2022, even as key port cities in China shut down.
JD Power’s first quarter 2022 Market Insights Report found seasonality more pronounced at the beginning of the quarter than in the previous two years. Economic conditions continue to evolve, and it is likely consumers are responding, the report said.