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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.
PPI 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.
It’s going to take another two to three quarters for tariffs to play through” the inflation data, St. Louis Federal Reserve ...
Domestic producers are “raising prices in line with the protection tariffs are providing them,” said a construction economist ...
Producer prices increased by the most in three years in July, suggesting a broad pickup in inflation was imminent. "This is a ...
US wholesale inflation accelerated in July by the most in three years, suggesting companies are passing along higher import ...
In late July Fed Chairman Jerome Powell and the majority of the policy-making Federal Open Market Committee voted to maintain ...
The latest producer price index, which measures the average change in prices paid to producers, jumped .09% in June.
President Donald Trump received unpleasant news from a friendly face on Thursday morning. Fox Business Host Maria Bartiromo ...
US stock futures hovered around the flatline as Wall Street awaited another pulse check on inflation after Tuesday's tepid ...
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