Keeping you up to date on the latest data releases.
- Producer Price Index
The Producer Price Index (PPI), was unchanged in July after advancing strongly in May (0.5 percent) and June (0.8 percent). On a year-over-year basis, the PPI was up 2.1 percent in July. Producer prices for finished consumer foods in July rose 0.5 percent, the smallest increase seen since April. Energy prices declined 2.5 percent in July, compared to an increase of 40.8 percent in June. Year-over-year energy prices are still up 4.0 percent. Excluding volatile food and energy prices, “core” PPI rose 0.7 percent in July, down from the 2.0 percent increase in June. At earlier stages of production, core intermediate good prices and core crude prices both decreased 3.1 percent.