US rice producer prices (wholesale prices) August: inflation cooling underway
The U.S. Department of Labor announced on the 14th that in August the Producer Price Index (PPI, final demand) excluding food and energy, and the trade services sector—the core index—rose 5.6% year over year. This is a slowdown from July's 5.8% and rose 0.2% from the previous month.
In terms of direction, it is moving in a favorable direction, but that does not mean monetary policy will change. The Fed has stated that its stance will not change until it falls below 2%.
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