Tue, 13 Aug 2024 12:38:23 GMT
US producer inflation is below forecasts
The United States Bureau of Labor Statistics has just published the monthly Producer Price Index data. In general, the data has revealed below expected inflation. The US Dollar is reacting to the news by declining.
PPI showed a reading of 0.1% instead of expected 0.2%. The Core PPI showed 0.00% change instead of forecast growth of 0.2%.
This data release consisted