Keeping you up to date on the latest data releases.
- Producer Price Index
Producer prices, as measured by the Producer Price Index (PPI), increase at an annualized rate of 3.2 percent in July, contrasting a string of subdued readings that has left the series’ 12-month growth rate at just 0.5 percent, compared to its 10-year trend of 3.3 percent. Energy prices continued to trend down, though food prices jumped 6.2 percent in July. Excluding food and energy prices, the index rose 5.4 percent in July, its largest monthly gain since January. Still, on a year-over-year basis, the PPI excluding food and energy is up 2.6 percent, down slightly from a recent high of 3.1 percent in January. There was a dearth of pricing pressure further back on the line of production, as core intermediate and core crude goods prices fell sharply (−10.6 percent and −12.9 percent, respectively).