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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.
Inflation shock: Core producer prices hit 3-year high in July in 'head-scratching' inflation surge
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 speech.
15hon 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 producer price index for July suggests companies may be feeling the sting of inflation and consumers could be next.
In late July Fed Chairman Jerome Powell and the majority of the policy-making Federal Open Market Committee voted to maintain ...
Factory-gate prices probably rose in July, economists forecast. The producer-price index likely increased 0.2% from a month earlier, according to economists polled by The Wall Street Journal. The inde ...
US stock futures hovered around the flatline as Wall Street awaited another pulse check on inflation after Tuesday's tepid ...
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Positive price trends seen in July amid demand pickup
The consumer price index, a main gauge of inflation, climbed 0.4 percent in July compared with the previous month, reversing a 0.1 percent drop in June and exceeding the average seasonal pace of 0.3 ...
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