Producer Prices in USA
USA - Producer Prices
Inflation increases in July
Consumer prices rose 0.59% over the previous month in July, slightly stronger than June’s 0.57% dip. Core consumer prices—which exclude volatile items such as energy and motor vehicle prices—drove the monthly increase.
Inflation accelerated to 1.0% in July, from 0.6% in June. Meanwhile, core inflation increased to 1.6% in July from 1.2% in June. The core personal consumption expenditures price index—a gauge of household spending closely tracked by the Fed—ticked up to 0.8% in June, the latest month for which data is available, from 0.5% in May and moved closer to the Fed’s 2.0% target.
FocusEconomics participants expect inflation to average 0.8% in 2020, which is unchanged from last month’s forecast. For 2021, the panel expects inflation to average 1.6%.
United States - Producer Prices Data
|Inflation (PPI, annual variation in %)||-0.9||0.4||2.3||2.9||1.7|
5 years of economic forecasts for more than 30 economic indicators.
United States Facts
|Bond Yield||1.92||-0.43 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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August 27, 2020
The economy declined at the sharpest rate on record in the second quarter as the pandemic and measures to contain it toppled activity.
August 25, 2020
The S&P/Case-Shiller 20-city composite home price index—excluding Detroit due to reporting delays—eased to 0.2% month-on-month in June, down from May’s 0.4% rise.
August 25, 2020
The Conference Board’s consumer confidence index decreased to 84.8 in August from 95.9 in July.
August 14, 2020
Nominal retail sales increased 1.2% in month-on-month seasonally-adjusted terms in July.
August 12, 2020
Consumer prices rose 0.59% over the previous month in July, slightly stronger than June’s 0.57% dip.