Wholesale inflation cools faster than expected in July
TL;DR
US producer prices rose 4.7% year over year in July, down from 5.5% in June and topping economists' 4.9% forecast; core PPI rose 0.2% in July to 4.2%, the lowest in four months, while energy prices have cooled after earlier spikes driven by geopolitical tensions, signaling easing but still-elevated wholesale price pressures.
- US wholesale inflation slowed more than expected in July CNN
- Wholesale prices were flat in July, below expectations for 0.2% increase CNBC
- Wholesale price inflation slows last month as gas, food costs fall AP News
- US Producer Price Growth Decelerates by More Than Forecast Bloomberg.com
- U.S. Producer-Price Index Unchanged in July WSJ
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