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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 ...
Here's what new data from the producer price index says about where inflation is headed, according to economists.
The Bureau of Labor Statistics reported the producer price index jumped more than expected in July, spurring renewed concerns ...
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 ...
Producer prices increased by the most in three years in July, suggesting a broad pickup in inflation was imminent. "This is a ...
Massive downward revisions in July's jobs report last week fueled concerns that the labor market is softening too quickly, ...
The headline PPI reading rose 0.9% month-over-month. This was more than 4X the increase economists were expecting. Read more ...
Stocks moved lower on Thursday as investors reacted to the producer-price index showing a 0.9% bump for the month of July.
Inflation, as measured by the producer price index, shot up to 3.3% for the year ending in July, the Bureau of Labor Statistics reported Thursday — the largest 12 month increase since February. On a ...
Leading cryptocurrencies dived on Thursday after hotter-than-expected wholesale inflation tempered risk appetite.
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