Eagerly awaited the day after the announcement of a slowdown in consumer prices in the United States, the producer price index for July…
(Boursier.com) — Eagerly awaited the day after the announcement of a slowdown in consumer prices in the United States, the July producer price index confirms the lull on the inflation front. It was down 0.5% compared to the previous month, against a consensus of +0.2%, and after a revised increase of 1% in June. Year-on-year, the PPI posted a jump of 9.8% against a consensus of 10.4% and +11.3% the previous month.
Excluding food and energy, the index rose by 0.2% compared to June, against +0.4% consensus and +0.4% a month earlier. Over one year, the ‘core’ PPI climbed 7.6%, against 7.7% consensus, and +8.2% in June.