POLITICS: Inflation Report Beats Expectations

Politics: inflation report beats expectations

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Wholesale inflation came in lower than expected for the month of June.

Month over month, it held steady despite an estimated .2% increase.

Year over Year is at 2.3% despite the 2.5% that was expected.

Breitbart reported:

Prices paid to American businesses for goods and services held steady in June, defying predictions that tariffs would create inflationary presssures in the U.S. economy.

The producer price index was unchanged in June compared with the previous month, the Department of Labor said Wednesday. Economists had expected a rise of 0.2 percent after a 0.3 percent rise in May and a 0.3 percent decline in April.

Compared with a year ago, the producer price index (PPI) is up 2.3 percent, a significantly slower rate of inflation than the 2.5 percent forecast and the 2.6 percent reported in May.

PPI for final demand measures the prices paid to American businesses for goods and services. It includes sales to consumers, households, businesses, and foreign purchasers, a broader array of customers than is measured by the consumer price index. Although it is sometimes referred to as a “wholesale” price index, it is not an index of wholesale prices.

PPI serves as a potential bellwether for prices consumers will see in the future.

CNN reported:

PPI serves as a potential bellwether for price changes consumers may see in the months ahead.

Donald Trump’s policies are working!





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