Data Round-Up: PPI Moderated in July, Trends Still Well Above Target
posted by Michael Lewis on August 09, 2018
Found in US, categorized in Growth Outlook and Business Cycle
July total and core PPI came in under expectations, but the trends for both remain quite elevated, e.g., wholesale core inflation at +2.7%.
FMI’s analyses of this morning’s July PPI report including a review of recent High-Frequency Inflation Indicators, the latest Weekly Initial UI Claims & Rail Traffic results, and our review of and a look at 18Q2 GDP Component Revisions to Date including today’s June Wholesale Inventories report.