Wholesale prices rose 0.9% in July, more than expected
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. The producer price index , which measures final demand goods and services prices, jumped 0.9% on the month, compared with the Dow Jones estimate for a 0.2% gain. It was the biggest monthly increase since June 2022. Wholesale prices rose far more than expected in July, providing a potential sign that inflation is