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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.
The surprise PPI reading, driven by the biggest monthly gain in core since 2022, further muddies the central bank's September ...
US inflation on the wholesale level picked up steam in July, with prices rising by the fastest monthly pace since June 2022, ...
Asian are mostly higher after most stocks on Wall Street fell following a disappointing report that said inflation was worse ...
A 0.9% monthly increase in factory-gate prices in July was an ugly surprise to economists, who were expecting a 0.2% rise.
Wholesale prices increased in July at the quickest pace since February, as economists are keeping a sharp eye on inflation ...
The dollar held on to previous session gains on Friday after hotter than expected inflation data prompted traders to trim ...
The July Producer Price Index rose 0.9% M/M, miles ahead of the 0.2% increase expected and June's unrevised flat reading.
Wholesale prices showed the largest monthly increase in three years in July, undercutting the president’s claim that ...
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