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Producer Price Index: Wholesale Inflation Hotter Than Expected In July
The producer price index (PPI) for final demand rose 0.9% month-over-month after a flat reading in June. Core PPI, which excludes food and energy prices, rose 0.9% month-over-month after a flat reading in June. In July, the PPI for finished goods rose 0.5% month-over-month, up from 0.4% in June.
3don MSN
Wholesale inflation much hotter than expected in July — throwing possible wrench into rate cut hopes
The Producer Price Index saw its biggest monthly gain since June 2022, the Bureau of Labor Statistics said Thursday.
Agence France-Presse on MSN3d
US producer inflation highest in three years in July
US producer price inflation bounced in July to its highest reading since 2022, data showed Thursday, with underlying signs ...
Domestic producers are “raising prices in line with the protection tariffs are providing them,” said a construction economist ...
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