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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 ...
2don 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.
The surprise PPI reading, driven by the biggest monthly gain in core since 2022, further muddies the central bank's September ...
U.S. wholesale inflation accelerated in July by the most in three years, boosted by a surge in margins that indicates ...
US stock futures hovered around the flatline as Wall Street awaited another pulse check on inflation after Tuesday's tepid ...
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