“Another sign” of inflation pressures from US July PPI

Summary: Prices received by producers rise by 1.0% in July, well above expected figure; annual rate moves above to 7.7%; “core” PPI also increases by 1.0%; services prices up 1.1%, goods up 0.6%; “another sign pipeline inflation pressures are ongoing”, “could prompt Fed to consider tapering sooner”. Around the end of 2018, the annual inflation rate of the US producer price index (PPI) began a downtrend which continued through 2019....

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