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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 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 ...
Domestic producers are “raising prices in line with the protection tariffs are providing them,” said a construction economist ...
Scripps News on MSN1h
Trump increases tariffs on steel and aluminum, which will likely increase consumer prices
The Trump administration added a 5% tariff rate on more than 400 goods with steel and aluminum components Monday.
In late July Fed Chairman Jerome Powell and the majority of the policy-making Federal Open Market Committee voted to maintain ...
CBS Baltimore on MSN3d
Latest producer price index jumped .09% from June, annual rate at 3.3%
The latest producer price index, which measures the average change in prices paid to producers, jumped .09% in June.
About a quarter of the 3.3% price increase recorded by this month’s producer price index was driven by a spike in wholesale ...
President Donald Trump received unpleasant news from a friendly face on Thursday morning. Fox Business Host Maria Bartiromo ...
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