Wholesale price inflation slows last month as gas, food costs fall - AP News
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- US wholesale prices were flat in July, below the 0.2% increase economists had forecast
- Gasoline and food costs fell during the month, driving the wholesale price slowdown
Why it matters: A flat July print versus the expected 0.2% rise is a meaningfully cooler wholesale inflation reading than analysts braced for. The drop was concentrated in volatile food and energy components, meaning the headline number understates any residual underlying producer-price pressure the Fed has been tracking.
Ask SkimNews
