US Producer price inflation continues elevated, all be it off low Covid lockdown bases. Annual PPI rose to 7.8% in July. Biggest price increases were nearly 3/4 due to a 1.1% in services costs, the largest increase since data were first calculated in December 2009.
US Producer price inflation continues elevated, all be it off low Covid lockdown bases. Annual PPI rose to 7.8% in July. Biggest price increases were nearly 3/4 due to a 1.1% in services costs, the largest increase since data were first calculated in December 2009.
Highlights
US PPI July 2021
- US PPI Final Demand (Y/Y) Jul: 7.8% (est 7.2%; prev 7.3%)
- US PPI Final Demand (M/M) Jul: 1.0% (est 0.6%; prev 1.0%)
US Core PPI July 2021
- US PPI Ex Food, Energy (Y/Y) Jul: 6.2% (est 5.6%; prev 5.6%)
- US PPI Ex Food, Energy, Trade (Y/Y) Jul: 6.1% (est 5.7%; prev 5.5%)
- US PPI Ex Food, Energy (M/M) Jul: 1.0% (est 0.5%; prev 1.0%)
- US PPI Ex Food, Energy, Trade (M/M) Jul: 0.9% (est 0.5%; prev 0.5%)
From the Traders Community News Desk