The Producer Price Index, which tracks the average change in prices that businesses pay to suppliers, rose 0.8% annually. That’s above June’s upwardly revised increase of 0.2% and higher than expectations for a 0.7% gain, according to consensus estimates on Refinitiv. Producer price hikes increased 0.3% from June to July, the highest monthly increase since January.
8% doesn’t tell the whole story, because the index decreased in five of the previous seven months. Annualizing the 0.3% monthly gain, however, would put the PPI rate at about 3.6% and core at 3.8%, he said. “So the July number does suggest that there’s still some producer cost pressures,” he said. When stripping out the more volatile categories of food and energy, core PPI rose 2.4% annually in July.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
WeWork says it has 'substantial doubt' about its ability to stay in business | CNN Business“Substantial doubt exists” about WeWork’s ability to continue to stay in business, due to the company’s losses, projected cash needs, and increased member turnover, according to the company’s second quarter earnings release.
Bron: CNN - 🏆 4. / 95 Lees verder »
Under Biden, US oil production is poised to break Trump-era records | CNN BusinessCritics accuse President Joe Biden of waging a war on the oil industry that is hurting consumers at the gas pump. And yet, on his watch, US oil production is poised to shatter all-time records set during the Trump administration.
Bron: CNN - 🏆 4. / 95 Lees verder »
How we're buying perfume could signal how we're feeling about the economy | CNN BusinessDemand for more budget-friendly roll-on rollerball perfumes is up 207% so far this year over last year, followed by a 183% jump in cheaper perfume samplers, according to Pattern, an ecommerce platform that analyzes online product search data
Bron: CNN - 🏆 4. / 95 Lees verder »
Even 'Barbie' may not be able to rescue AMC Theaters | CNN BusinessBarbie has already pulled in over a billion dollars. That still may not be enough to save AMC Theaters, which has a looming bill it may not be able to pay back.
Bron: CNN - 🏆 4. / 95 Lees verder »
Disney+ hikes prices as sales sink across the company | CNN BusinessThe Walt Disney Company is hiking prices for its Disney+ streaming service for the second time in less than a year, as its third-quarter earnings report showed revenue struggles almost everywhere but international parks
Bron: cnni - 🏆 326. / 59 Lees verder »