Published 2 years ago

Wholesale prices decline 0.5 percent as inflation eases in July

Summary by Ground News

Wholesale prices fell 0.5% from June to July, the first month-to-month drop in more than two years. The easing of wholesale inflation suggests that consumers could get some relief from relentless inflation in the coming months. But producer costs continue to rise at a rapid pace, well above target.

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The Independent

US wholesale inflation rose more slowly in July

Inflation at the wholesale level jumped 9.8% in July from a year earlier, a slowdown from the June pace yet still a painfully high level suggesting that rampant inflation will persist for months to come

2 years ago·London, United Kingdom

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Reuters

Rice wholesale prices fell 0.5% month-on-month in July, underlying inflation slowed

[11th Reuters] - The July wholesale price index (PPI, goods and services for final demand) announced by the U.S. Department of Labor on the 11th fell 0.5% from the previous month. This is the first decline since April 2020. It had risen 1.0% in June. The year-on-year ratio in July rose 9.8%. It was up 11.3% in June. The economists' forecast for July compiled by Reuters was a 0.2% increase from the previous month and a 10.4% increase from the sam…

2 years ago·United Kingdom

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Associated Press News

US wholesale inflation fell in July for 1st time in 2 years

WASHINGTON (AP) — Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy's inflationary pressures cooled last month.

2 years ago·United States

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abc News

US wholesale inflation rose more slowly in July

2 years ago·United States

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CNN

This key inflation measure fell, but remains painfully high

A benchmark measure of inflation slowed in July after surging in the previous month, offering a glimmer of hope that the painful inflation Americans are facing could moderate in the coming months.

2 years ago·Atlanta, United States

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