July PPI inflation rises to 3.3%
July PPI inflation rises to 3.3%, above expectations of 2.5%.
Core PPI inflation rose to 3.7%, also above expectations of 2.9%.
Month-over-month PPI inflation is now at its hottest since March 2022.
The Fed remains in a very difficult spot here.
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Lindsay Talbot
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July PPI inflation rises to 3.3%
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