Wholesale price inflation slows last month as gas, food costs fall - AP News
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- US Producer Price Index was flat (0.0%) in July, below the 0.2% increase economists had forecast, per CNBC.
- Wholesale price inflation slowed on falling gas and food costs, per AP News, with the deceleration described as larger than expected.
Why it matters: The flat July PPI undershot the 0.2% consensus, driven by lower gas and food costs, giving the Federal Reserve a softer inflation print than markets were pricing — Yahoo Finance reported the Dow, S&P 500, and Nasdaq trending higher on related rate-path bets and earnings in the same session.
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