Source: CNBC
“Wholesale prices surprisingly fell slightly in August, providing breathing room for the Federal Reserve to approve an interest rate cut at its meeting this month, according to a Bureau of Labor Statistics report Wednesday. The producer price index, which measures input costs across a broad array of goods and services, dropped 0.1% for the month, after a downwardly revised 0.7% increase in July and well off the Dow Jones estimate for a 0.3% rise. On a 12-month basis, the headline PPI saw a 2.6% gain. The core PPI, which excludes volatile food and energy prices, also was off 0.1% after being expected to climb 0.3% as well.” [editor’s note: The PPI is reported by the Bureau of Labor Statistics. I’m shocked — shocked! — that a month after Trump fired that bureau’s director for publishing numbers that made him look bad, the numbers are all changing direction. As for credibility? Who knows? – TLK] (09/10/25)
https://www.cnbc.com/2025/09/10/ppi-inflation-august-2025-.html