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Home » US producer prices rise less than forecast, dragged by services

US producer prices rise less than forecast, dragged by services

Producer Price Index increased 2.2% YoY

Bloomberg NewsbyBloomberg News
September 18, 2024
in Risk Management
Reading Time: 2 mins read
0
US producer prices rise less than forecast, dragged by services

A worker prepares orders for shipping at la Vie en Rose distribution centre in Montreal, Quebec, Canada, on Tuesday, Feb. 27, 2024. Photographer: Graham Hughes/Bloomberg

US producer prices rose in July by less than forecast, reflecting the first decline in services costs this year amid an ongoing moderation in inflationary pressures. . The producer price index for final demand increased 0.1% from a month earlier, according to a Bureau of Labor Statistics report released Tuesday. . The median forecast in […]

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