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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.
Producer prices in July rose faster than forecast across the board, giving investors and the Federal Reserve an inflation ...
1don 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.
Producer prices increased by the most in three years in July, suggesting a broad pickup in inflation was imminent. "This is a ...
Domestic producers are “raising prices in line with the protection tariffs are providing them,” said a construction economist ...
The producer price index for July suggests companies may be feeling the sting of inflation and consumers could be next.
1don MSN
Inflation shock: Producer prices rise more than forecast as core inflation hits 3-year high in July
Producer prices in July rose faster than forecast across the board, giving investors and the Federal Reserve an inflation surprise just over a week out from Fed Chair Jay Powell's crucial Jackson Hole ...
U.S. producer prices rose sharply in July, driven by broad increases in service and goods costs, signaling renewed ...
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