US Producer Price Surge Slowed In July
Zero Hedge -

After accelerating on and off for the last few months, Core Producer Prices and Final Demand both came in lower than expected in July as a drop in margins for fuels offset a rise in guestroom rentals and drug prices.

PPI Final Demand printed +3.3% YoY (against 3.4% prior and expectations)

In July, a 0.1-percent rise in the index for final demand goods offset a 0.1-percent decline in prices for final demand services.   

In July, a major factor in the increase in prices for final demand...


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