country flagالعربية

US producer prices unchanged in July

2018-08-09 04:02 pm | Resource: NEWS | No Views : 78

A report released by the Ministry of Labor on Thursday showed that producer prices unexpectedly rose in July.

The Labor Department said the PPI had not changed in July after rising by 0.3 percent in June. Economists had expected producer prices to rise by 0.2 percent.

The reading came unchanged on producer prices, rising by 0.1 percent from the index of final goods prices, which were compensated by 0.1 percent in final demand services prices.

Excluding food and energy prices, the core producer price index rose 0.1 percent in July after rising by 0.3 percent the previous month. Core prices were expected to rise by 0.2 percent.

Compared to the same month last year, producer prices in July rose 3.3 percent, reflecting a modest slowdown from a 3.4 percent rise in June.

The annual rate of growth in basic product prices slowed to 2.7 per cent in July from 2.8 per cent in the previous month.

On Friday, the Labor Department is due to release a separate report on consumer price inflation in July. Consumer prices and core consumer prices are expected to rise by 0.2 percent.

Other analysis

USD/JPY Technical analysis 10 December 2018

Time frame Used - four hours The USDJPY is moving in a bearish direction in the near term. The USDJPY reached to the support level of112.29 to bounce back to the 112.92 level  as the USDJPY faced resistance and selling pressure around this level, forming a lower high to retreat to the 112.64 level, trying to stability above this level , As the USDJPY moves into a bearish channel and…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.