Wholesale prices rose 0.9% in July, much more than expected [View all]
Last edited Thu Aug 14, 2025, 09:12 AM - Edit history (1)
Source: CNBC
Published Thu, Aug 14 2025 8:31 AM EDT Updated 5 Min Ago
Wholesale prices rose far more than expected in July, providing a potential sign that inflation is still a threat to the U.S. economy, a Bureau of Labor Statistics report Thursday showed.
The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared to the Dow Jones estimate for a 0.2% gain. It was the biggest monthly gain since June 2022.
Excluding food and energy prices, core PPI rose 0.9% against the forecast for 0.3%. Excluding food, energy and trade services, the index was up 0.6%, the biggest gain since March 2022.
On an annual basis, headline PPI increased 3.3%, the biggest 12-month move since February and well above the Fed's 2% inflation target.
Read more: https://www.cnbc.com/2025/08/14/ppi-inflation-report-july-2025-.html
Article updated.
Previous articles -
Wholesale prices rose far more than expected in July, providing a potential sign that inflation is still a threat to the U.S. economy, a Bureau of Labor Statistics report Thursday showed.
The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared to the Dow Jones estimate for a 0.2% gain. It was the biggest monthly gain since June 2022.
Excluding food and energy prices, core PPI rose 0.9% against the forecast for 0.3%. Excluding food, energy and trade services, the index was up 0.6%, the biggest gain since March 2022. On an annual basis, headline PPI increased 3.3%, the biggest 12-month move since February and well above the Fed's 2% inflation target.
Services inflation provided much of the push higher, moving 1.1% higher in July for the largest gain also since March 2022. Trade services margins rose 2%, coming amid ongoing developments in President Donald Trump's tariff implementations. In addition, 30% of the increase in services came from a 3.8% increase in machinery and equipment wholesaling.
Wholesale prices rose far more than expected in July, providing a potential deterrent for the Federal Reserve to lower interest rates in September, a Bureau of Labor Statistics report Thursday showed.
The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared to the Dow Jones estimate for a 0.2% gain.
Excluding food and energy prices, core PPI rose 0.9% against the forecast for 0.3%. Excluding food, energy and trade services, the index was up 0.6%, the biggest gain since March 2022.
On an annual basis, headline PPI increased 3.3%, the biggest 12-month move since February and well above the Fed's 2% inflation target.
Original article -
The producer price index was expected to a show a 0.2% increase for July, according to the Dow Jones consensus estimate.
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