Producer inflation was higher than expected in July

inflation.jpg

Producer inflation increase more than expected in July.

It shows final demand increased 0.3 percent, slightly up from the 0.2 percent expected. The monthly increase was the highest since January, and prices right now are 0.8 percent higher than a year ago.

Food costs were up half a percent while energy costs were unchanged.

The PPI measures wholesale prices before they are passed along to the consumer, so this could indicate that inflation will inch even higher next month.

Related Stories
A recent study by the Environmental Defense Fund in Kansas is urging farmers to diversify crop portfolios to mitigate risks and ensure long-term sustainability.
As farmers gear up for the spring planting season, it’s crucial to remember that financial planning goes hand in hand with early season crop protection.