US producer inflation declines in July as fuel prices ease

11 August 2022

 

Summary: US producer price index (PPI) down 0.5% in July, less than expected figure; annual rate slows to 9.7%; “core” PPI up 0.2%; fuel accounts for 80% of decline; longer-term US Treasury yields considerably higher, rate-rise expectations firm. Around the end of 2018, the annual inflation rate of the US producer price index (PPI) began a downtrend which continued through 2019. Months in which producer prices increased suggested the trend...

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