​Producer Price Inflation Slows As Services Costs Slump – Tyler Durden

Producer Price Inflation Slows As Services Costs Slump Having been resurgent for the last few months, US Producer Price inflation was expected to slow significantly in July and it did, with Headline Final Demand PPI rose just 0.1% MoM (+0.2% exp) which pulled the YoY PPI down from +2.7% to +2.2%… Source: Bloomberg Energy prices picked up MoM while Services prices tumbled by the most since March 2023… Source: Bloomberg Final demand goods: Prices for final demand goods rose 0.6% in July, the largest advance since a 1.1- percent jump in February. Nearly 60 percent of the broad-based increase in…  — Continue at ZeroHedge News : Read More