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U.S. Wholesale Prices Stagnated in July as Service Costs Fell
Thursday, 9 August 2018 19:52 WIB | ECONOMY |Ekonomi ASCPI Amerika

U.S. wholesale prices were unchanged in July as cost for services fell for the first time this year, a Labor Department report showed Thursday in Washington. 

Producer-price index was unchanged m/m (est. 0.2% increase) after 0.3% gain the previous month.

PPI rose 3.3% from a year earlier (est. 3.4%) after 3.4% gain in prior 12-month period.

Excluding food and energy, core gauge increased 0.1% m/m (est. 0.2% increase) and was up 2.7% y/y (est. 2.8% gain) .

PPI excluding food, energy, and trade services, a measure some economists prefer because it strips out the most volatile components, rose 2.8% y/y following 2.7% gain.

Source : Bloomberg

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