USA： Core Producer Prices Soft on Net in July； Lowering July Core PCE Tracking to +0.14%
Goldman Sachs·2024-08-14 03:00
13 August 2024 | 9:39AM EDT USA: Core Producer Prices Soft on Net in July; Lowering July Core PCE Tracking to +0.14% BOTTOM LINE: The producer price index (PPI) increased by somewhat less than expected in July. Relative to expectations, core producer price inflation was soft on net, with the PPI excluding food and energy remaining unchanged (vs. consensus) +0.2%) and the PPI excluding food, energy, and trade services increasing 0.3% (vs. consensus +0.2%). Based on details in the PPI report, we now estimate ...