Producer Price Index: Goods up, services down

The newly released Producer Price Index showed a decrease compared to July.

The Producer Price Index came out today and it is a “goods up, services down” story.

August wholesale inflation came in as expected, which was down a tenth of a point to 8.7 percent. The July read was 9.8 percent. The index for core inflation, minus food and fuel, moved up 2 percent, which was slightly higher than expected. Year over year, core inflation was much hotter than expected at 7.3 percent versus 7 percent.


Consumer Price Index came out slightly lower than July

Producer Price Index jumps above market expectation and could signal higher Consumer Price Index

Producer Price Index on par with market expectation