Latest Producer Price Index Report Offers Little Relief

Producer Price Index soars 0.9% in July

San José, CA – The Producer Price Index, or PPI, soared 0.9% in the month of July, far more than what economist expected. This was biggest monthly increase since June of 2022, when supply chains snarled by the impact of the COVID-19 pandemic pushed the consumer price inflation rate to 9%. The PPI measures prices for domestic products sold to other businesses. This surge in the PPI portends higher consumer prices in the future. Since the PPI does…

Latest Producer Price Index report offers little relief

Domestic producers are “raising prices in line with the protection tariffs are providing them,” said a construction economist, a move that could further stoke inflation.

Gold price falls after unexpectedly strong US producer price data – Commerzbank

The Gold price came under pressure yesterday following the publication of US producer prices. These rose significantly more than expected in July, which is likely to be attributable to the impact of tariffs.