Wholesale prices rose 0.3% in July, higher than expected


Wholesale prices rose 0.3% in July, higher than expected

A measure of wholesale prices rose more than expected in July, countering recent trends showing that inflation pressures are easing.

The producer price index, which gauges the costs that goods and services producers receive for their products as opposed to those that consumers pay, rose 0.3% for the month, the Bureau of Labor Statistics reported Friday. That was the biggest monthly gain since January and up from a unchanged reading in June.

Excluding food and energy, core PPI also increased 0.3%, the biggest monthly increase since November 2022 after falling 0.1% in June. Core PPI rose 2.4% on a 12-month basis, tied for the lowest since January 2021.

Economists surveyed by Dow Jones had…


0 0 votes
Article Rating

Nordstrom (JWN) earnings Q2 2023

Previous article

Manhattan median rent remains at record high

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy