U.S. Inflation and Producer Prices

SOURCE www.breitbart.com
Inflation pressures in the U.S. eased in July as producer prices rose less than expected, with a slight increase in the producer price index for final demand. Energy prices and food prices saw gains, while services prices fell. The report suggests the Fed may cut interest rates next month.

Key Points

  • Producer prices rose 0.1 percent in July
  • Energy prices and food prices saw gains, while services prices fell
  • Report suggests the Fed may cut interest rates next month

Pros

  • Producer prices rose just 0.1 percent in July, less than expected
  • Energy prices and food prices saw gains
  • Report suggests the Fed may cut interest rates next month

Cons

  • Services prices fell 0.2 percent, the biggest decline since March 2023