July US Producer Prices
International Trading
THE TECHNIQUE OF GIVING A GOOD MASSAGE
14 years ago
Wednesday, August 18, 2010
, Posted by Usman Ali Minhas at 2:35 AM
US producer prices grew as forecast 0.2% m/m in July, the first increase in four months, after a 0.5% m/m decline in June, according to PPI data from the Labor Department. The producer-price inflation rate accelerated as expected to 4.2% y/y from June’s 2.8% y/y. The July PPI month-on-month increase was mostly due to food costs, which rose 0.7% m/m, the first rise since March. Energy prices fell 0.9% m/m, a fourth consecutive monthly fall. The core PPI, which excludes food and energy, was up a marginally more-than-expected 0.3% m/m in July, a ninth straight monthly advance and the biggest since January, after a 0.1% m/m increase in June. The core CPI rate quickened to 1.5% y/y, the highest year-over-year pace since September 2009, from June’s 1.1% y/y.
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