Economy
Wholesale prices were flat in July, below expectations for 0.2% increase
A woman shops for food items from a wholesale retailer in Alhambra, California on August 11, 2026.
Frederic J. Brown | Afp | Getty Images
Wholesale costs for goods and services were flat in July, the Bureau of Labor Statistics reported Thursday in the latest positive sign for inflation.
The producer price index, a measure of underlying inflation pressures, was unchanged for the month, below the 0.2% Dow Jones consensus estimate and after falling 0.1% in June. The June figure was revised from a previously reported decline of 0.3%.
Excluding food and energy, core PPI rose 0.2%, against the forecast for a 0.3% gain. Core PPI excluding trade services increased 0.4%.
On an annual basis, headline PPI increased 4.7% for the all-items index and 4.2% for core, according to unadjusted figures.
The report follows several other indicators telling a similar story – that after a ramp up in inflation earlier this year fueled by the Iran war and President Donald Trump’s tariffs, the rate of price increases is beginning to ease.
Services prices rose 0.2% for the month, pushed by a 6.5% surge in portfolio management, a category that can show outsized gains in the first month of the quarter due to reporting requirements.
Goods prices fell 0.7%, helped by a 3.1% decrease in energy, including a 5.7% slide in the gasoline index. Food prices fell 0.9% though core goods prices rose 0.1%.
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