Producer Price Index Jumps 1% in July; Inflation Debated

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00011391-producer-price-index-jumps-1-in-july-infl/

Wholesale prices increased sharply in July, according to a government report that showed inflationary pressures far stronger than Wall Street’s expectations.

The Producer Price Index rose 1 percent in July after being unchanged in June. Economists surveyed by Briefing.com had forecast only a 0.5 percent rise in the inflation measure.

The so-called core PPI, which strips out often-volatile food and energy prices, increased 0.4 percent, compared with the 0.1 percent decline in June and above the forecasted gain of 0.1 percent. It was the biggest jump in the closely watched core number since a 0.7 percent rise in January.

For this complete story, please visit Producer Price Index Jumps 1% in July; Inflation Debated.

Producer Price Index Jumps 1% in July; Inflation Debated

Unknown Author

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