Tariffs
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WeAAsles
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Combined with Tuesday's consumer price index release, the data suggests that President Donald Trump's tariffs are indicating only a marginal bite on the U.S. economy and the prices for goods and services.
Though the numbers for headline and core wholesale inflation were subdued, final demand goods prices rose 0.3%, though they were offset by a 0.1% fall in services. Within the goods category, tariff-sensitive communication equipment posted a gain of 0.8%. Core goods prices also rose 0.3%.
At the same time, the PPI level for May, initially reported as a 0.1% increase, saw an upward revision to a 0.3% gain, the biggest gain since February, the BLS reported.
On a year-over-year basis, headline PPI was up 2.3%, compared to 2.7% in May.
www.cnbc.com
Though the numbers for headline and core wholesale inflation were subdued, final demand goods prices rose 0.3%, though they were offset by a 0.1% fall in services. Within the goods category, tariff-sensitive communication equipment posted a gain of 0.8%. Core goods prices also rose 0.3%.
At the same time, the PPI level for May, initially reported as a 0.1% increase, saw an upward revision to a 0.3% gain, the biggest gain since February, the BLS reported.
On a year-over-year basis, headline PPI was up 2.3%, compared to 2.7% in May.
Wholesale inflation measure was unchanged in June
The producer price index for June was expected to increase 0.2%, according to the Dow Jones consensus estimate.
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