Could we be saying goodbye to high inflation in the near future? Experts weigh in.
— the first flat figure after 25 straight months of increases.“The July deceleration ... is a move in the right direction,” said Rubeela Farooqi, chief U.S. economist at High Frequency Economics. “But producer costs continue to rise at a rapid pace, well above target.”Wholesale food prices rose 1% from June to July, a sign that grocery prices will likely keep rising in the coming months. The wholesale costs of eggs, beef and vegetables all jumped.Inflation at the wholesale level still jumped 9.
Thursday’s report showed that wholesale gas prices tumbled 16.7% from June to July, a sign that retail prices at the pump will continue to decline this month and likely into September. Consumers are already seeing steady reductions: Gas prices fell below $4 a gallon, on average, on Thursday
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U.S. wholesale inflation fell in July for 1st time in 2 yearsPrices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy’s inflationary pressures cooled last month.
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US wholesale inflation fell in July for 1st time in 2 yearsThe easing of wholesale inflation suggests that consumers could get some relief from relentless inflation in the coming months.
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US wholesale inflation fell in July for 1st time in 2 yearsInflation at the wholesale level jumped 9.8% in July from a year earlier, a slowdown from the June pace yet still a painfully high level suggesting that rampant inflation will persist for months to come. inflation kprc2 click2houston
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U.S. wholesale inflation rose more slowly in JulyInflation at the wholesale level jumped 9.8% in July from a year earlier, a slowdown from the June pace yet still a painfully high level suggesting that rampant inflation will persist for months to come.
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US Dollar Forecast: DXY Index, USD/JPY Show Signs of ToppingThe US Dollar (via DXY Index) is falling in the wake of the July US inflation report as US Treasury yields and Fed rate hike odds drop. The DXY Index has lost support at the uptrend from the late-March and late-May swing lows.
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U.S. Inflation Eased Slightly to 8.5% in JulyU.S. inflation was 8.5% in July, holding close to its highest annual rate in four decades despite easing energy costs
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