Well, economists were expecting a 7.2% YoY print of the Producer Price Index – Final Demand. But July’s print came in hot … at +7.8% YoY. Compare that with the Core Consumer Price Index YoY of +4.3%.
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See also CPI comes in at 4.9%, less than expected 5%. Still outpaces Americans' wages for 25th straight month
The month-over-month PPI Final Demand is showing a run rate of 12%! (1% in July x 12 months).