US EditionWholesale prices unexpectedly declined 0.1% in August, as Fed rate decision looms
- U.S. producer prices fell unexpectedly 0.1% in August, driven by a 0.2% decline in wholesale services prices and smaller retail margins.
- This decline followed a downward revision of July’s 0.7% wholesale inflation jump and contrasts economists’ forecast of a 0.3% price increase.
- Core producer prices, which exclude volatile food and energy costs, also fell 0.1% from July but remained up 2.8% year over year, with goods prices edging up 0.1%.
- Economic weakness in the labor market, including nearly stalled job growth and estimates of 911,000 fewer jobs created through March, has fueled concerns over stagnation.
- These trends suggest easing inflation pressures in supply chains, potentially influencing Federal Reserve decisions in response to economic slowdown signals.
130 Articles
130 Articles
Producer Prices Fall in August, Defying Media’s Tariff Fearmongering, Analyst Expectations
Fearmongering about tariffs by media and market analysts proved unfounded in August as producer prices dipped, a monthly report by the U.S. Bureau of Labor Statistics (BLS) released Wednesday reveals. While analysts predicted that BLS’s Producer Price Index (PPI) would rise 0.3% (seasonally adjusted) from July, it actually fell 0.1%. August’s lower PPI represents a sharp reversal from July’s 0.7% increase. The price of final demand for services …
White House touts ‘no inflation’ after surprise drop in wholesale prices
Wholesale inflation unexpectedly declined in August, bolstering President Donald Trump’s push for the Federal Reserve to slash interest rates, according to CNBC. The Producer Price Index… The post White House touts ‘no inflation’ after surprise drop in wholesale prices appeared first on CatholicVote org.
Ticker: Supply chain prices fall; Watchdog to audit Labor stats
U.S. producer prices fell unexpectedly last month, dropping 0.1% from July. The Labor Department reported Wednesday that its producer price index — which captures inflation in the supply chain before it hits consumers — showed that wholesale inflation decelerated in August after advancing 0.7% in July. Wholesale services prices fell 0.2% from July on smaller profit margins at retailers and wholesalers, which might be a sign that those companies …
Producer inflation falls in August, pointing to softening demand
U.S. producer prices unexpectedly fell in August amid a compression in trade services margins and a mild increase in the cost of goods, suggesting that domestic businesses were probably absorbing some of the tariffs on imports. The lack of strong producer price pressures, despite import duties, could also be signaling softening domestic demand against the backdrop of a struggling labor market. The Federal Reserve is expected to cut interest rate…
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