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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.
Domestic producers are “raising prices in line with the protection tariffs are providing them,” said a construction economist ...
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.
The Labor Department reported that its producer price index was up 0.9% last month from June and 3.3% from a year earlier.
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