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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.
Here's what new data from the producer price index says about where inflation is headed, according to economists.
2don MSN
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Hot PPI Inflation Cools Big Fed Rate-Cut Hopes; S&P 500 Falls
The S&P 500 rally has a downside for inflation: surging portfolio management costs. Those costs surged 5.8% in July. Yet ...
The headline PPI reading rose 0.9% month-over-month. This was more than 4X the increase economists were expecting. Read more ...
The monthly rise was the biggest since June 2022, and the annual increase the highest since February this year. Core PPI, which strips out volatile data points, rose by 3.7 percent over the year, its ...
Leading cryptocurrencies dived on Thursday after hotter-than-expected wholesale inflation tempered risk appetite.
Stocks moved lower on Thursday as investors reacted to the producer-price index showing a 0.9% bump for the month of July.
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Inflation Is Back, Time to Worry
The Producer Price Index surged in July, in part due to tariffs. Consumers could face sharp inflation again toward the end of ...
The producer-price index is volatile and often overshadowed by consumer price trends, but analysts were paying attention ...
Hot PPI data released on Thursday morning led to a pullback in stock-market futures as wholesale prices rose 0.9% in July, ...
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