Quantcast

Inflation Rose More Than Expected in Latest Federal Data

By Headline Wealth

(The Center Square) Newly released federal inflation data shows that producer prices rose more than expected.

The U.S. Bureau of Labor Statistics released its Producer Price Index, a key indicator of inflation, which showed producer prices rose 0.3% in July and 0.8% over the last 12 months, higher than expected.

“The index for final demand less foods, energy, and trade services moved up 0.2 percent in July, the largest increase since a 0.3-percent rise in February,” BLS said. “For the 12 months ended in July, prices for final demand less foods, energy, and trade services advanced 2.7 percent.”

Click Here To Comment
Previous articleVideo Shows Suspects Steal $300,000 Worth of Designer Goods in ‘Flash Mob Burglary’
Next article‘Nothing Left’: Future Unclear for Hawaii Residents Who Lost It All in Fire

TRENDING NOW

The information presented here is for general educational purposes only. You should always consult with your personal physician regarding any personal health problem, and you should always consult with your financial adviser regarding investment decisions. FDA DISCLOSURE: The statements, articles, and products featured in Headline Wealth emails and at HeadlineWealth.com have not been evaluated by the Food and Drug Administration. No information or products appearing in emails or the website are intended to diagnose, treat, cure, or prevent any disease. MATERIAL CONNECTION DISCLOSURE: Headline Wealth may have an affiliate relationship and/or another material connection to any persons or businesses mentioned in or linked to from emails or the website and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information published by Headline Wealth to evaluate the product or service being offered. Always exercise your own due diligence before purchasing any product or service.

Copyright 2023. No part of this site, HeadlineWealth.com, may be reproduced in whole or in part in any manner without the permission of the copyright owner. To inquire about licensing content, use the contact form located HERE .