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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.
Here's what new data from the producer price index says about where inflation is headed, according to economists.
July headline PPI reading rose 0.9% month-over-month. This was more than 4X the increase economists were expecting. The "core ...
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Hot PPI Inflation Cools Big Fed Rate-Cut Hopes; S&P 500 Falls
The S&P 500 rally has a downside for inflation: surging portfolio management costs. Those costs surged 5.8% in July. Yet ...
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 ...
Treasury yields ticked higher after the hotter-than-expected PPI reading, though yields remained below Wednesday end-of-day levels.
Leading cryptocurrencies dived on Thursday after hotter-than-expected wholesale inflation tempered risk appetite.
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Inflation Is Back, Time to Worry
While the Consumer Price Index (CPI) was up only 2.7% year over year in July, a more important measure rose much higher. The ...
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