The U.S. wholesale prices were unchanged in July, offering another sign that inflation pressures may be easing, according to the Bureau of Labor Statistics.
The Producer Price Index fell short of expectations for a 0.2% increase after declining 0.1% in June. Core PPI, which excludes food and energy, rose 0.2%, also below forecasts.
The data follows a softer-than-expected consumer inflation report released Wednesday. Consumer prices rose 0.1% in July, although annual inflation remained at 3.4%, above the Federal Reserve’s 2% target.
The latest figures have reduced expectations for an immediate Fed rate hike. According to the report, traders are now increasingly looking toward October or December for a possible rate increase, rather than September.
Related Tweet:
July inflation data is here, showing that overall growth eased slightly.
— Yahoo Finance (@YahooFinance) August 12, 2026
But if you just went grocery shopping, it probably doesn't feel that way. 😮💨 https://t.co/qcJ0peg9fH pic.twitter.com/ZZMT2b7mMT
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TIPP Staff
