Economic Update: Producer Price Index
The Labor Department reported the Producer Price Index (an indication of inflation at the wholesale level) for July rose by +0.3%, which was above the consensus estimate for a reading of +0.2%.
Prior month’s readings for comparison purposes:
When you strip out food and energy, the so-called Core PPI came in at +0.4%, which was also above the consensus for +0.2% and last month’s +0.2% .
Other stories on the US Economy to review:
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