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.
102 Articles
102 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 …
CNBC’s Rick Santelli Blown Away By ‘Progress’ In New Inflation Report Under Trump
CNBC editor Rick Santelli expressed shock on Wednesday about wholesale prices in the U.S. unexpectedly declining. The Producer Price Index (PPI) showed that the prices paid to producers fell 0.1% in August while slowing to an annual rate of 2.6%, according to the Bureau of Labor Statistics (BLS). Santelli said on “Squawk Box” that it was the […] CNBC’s Rick Santelli Blown Away By ‘Progress’ In New Inflation Report Under Trump
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