Producer Prices Flat in July as Goods Costs Fall

Why it matters

The flat July producer price reading, with declining goods costs offsetting service increases, signals easing inflationary pressures that could influence Federal Reserve rate decisions and credit market conditions.

Sources

• Connect CRE

  Producer Prices Flat in July as Goods Costs Fall

  U.S. producer prices were unchanged in July as declining goods costs balanced out increases across services and construction, according to data released by the Bureau of Labor Statistics. The Producer Price Index for final demand remained flat on a seasonally adjusted basis…