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The inflation report, set for release at 8:30 a.m. ET on Wednesday, is expected to show headline inflation of 3.0%, ... Ahead of Wednesday, the Producer Price Index (PPI) came in cooler than ...
The modest monthly increase in the overall PPI was attributed to a 0.6% jump in goods prices, according to the BLS report. Services prices fell 0.2%, a decrease driven mostly by a correction in ...
Stocks were higher on Tuesday after PPI showed wholesale inflation was less than expected in July. The reading came in at 0.1% month over month, compared to estimates of 0.2%.
The Producer Price Index (PPI) is the official measure of producer prices in the economy of the United States. It measures average changes in prices received by domestic producers for their output. The PPI was known as the Wholesale Price Index, or WPI, up to 1978. It is published by the Bureau of Labor Statistics and is one of the oldest ...
A producer price index (PPI) is a price index that measures the average changes in prices received by domestic producers for their output. Formerly known as the wholesale price index between 1902 and 1978, the index is made up of over 16,000 establishments providing approximately 64,000 price quotations that the U.S. Bureau of Labor Statistics (BLS) compiles each month to represent thousands ...
For investors, the PPI report is great news. After surging nearly 2% on Tuesday due to the cool CPI report, the S&P 500 continued to rise Wednesday, jumping 0.31% by midday. “Inflation—for now ...
Yet combined with Wednesday’s mild consumer inflation report, Thursday’s wholesale data offered an encouraging sign that an acceleration of prices that occurred early this year may have passed.
“PPI can have a particularly big impact on core services excluding housing, aka supercore. In that respect, April’s news was mixed but, on balance, encouraging,” he wrote.