Producer Prices Fell In July

“Wholesale prices fell in July for the first time in two years as a plunge in energy prices slowed the pace of inflation,” CNBC reports. “The producer price index, which gauges the prices received for final demand products, fell 0.5% from June, the first month-over-month decrease since April 2020, the month after Covid-19 was declared a pandemic.

Topics:  july   cnbc    the   june   april   covid-19   dow jones   producer   
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