WASHINGTON — Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy’s inflationary pressures cooled last month. Thursday’s report from the Labor Department showed that the producer price index — which measures inflation before it reaches consumers — declined 0.5% in July.
U.s. Wholesale Inflation Fell In July For 1st Time In 2 Years
Christopher S. Rugaber, Denver Post: Business
Thu, 08/11/2022 - 7:56am
Topics: washington prices labor department april the rubeela farooqi u.s high frequency economics wholesale trucking inflation related articles metro denver minimum shelves colorado s opinion president joe biden congressional republicans federal reserve chair jerome powell fed s june july thursday s the thursday september economy denver federal colorado fed fell time years months rate costs sign month consumers report data showed producer pace gas rising easing jumped increase drop coming average index level early straight continue increases consumer rise hike earlier headed
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