{"id":11073,"date":"2023-08-11T13:13:57","date_gmt":"2023-08-11T13:13:57","guid":{"rendered":"https:\/\/isafespend.com\/news\/wholesale-inflation-accelerates-in-july-for-first-time-in-13-months\/"},"modified":"2023-08-11T13:13:58","modified_gmt":"2023-08-11T13:13:58","slug":"wholesale-inflation-accelerates-in-july-for-first-time-in-13-months","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=11073","title":{"rendered":"Wholesale inflation accelerates in July for first time in 13 months"},"content":{"rendered":"<div><!----> <!----> <\/p>\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\"><\/div>\n<\/div>\n<\/div>\n<p>Inflation at the wholesale level rose more than expected in July, ending a year-long streak of steady declines in consumer prices.<\/p>\n<p>The Labor Department said Friday that its producer price index, which measures <u>inflation at the wholesale level<\/u> before it reaches consumers, climbed 0.3% in July from the previous month. On an annual basis, prices are up 0.8%. It marked the first increase in headline inflation since June 2022.\u00a0<\/p>\n<p>Those figures are both higher than the 0.7% headline increase and 0.2% monthly figure forecast by Refinitiv economists.<\/p>\n<p><iframe class=\"flourish-embed-iframe\" style=\"height:600px;width:100%;\" sandbox=\"allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation\" scrolling=\"no\" frameborder=\"0\" title=\"Interactive or visual content\" src=\"https:\/\/flo.uri.sh\/visualisation\/8703372\/embed\">\u00a0<\/iframe><\/p>\n<p><i>This is a developing story. Please check back for updates.<\/i><\/p>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/www.foxbusiness.com\/economy\/wholesale-inflation-accelerates-july-first-time-months\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflation at the wholesale level rose more than expected in July, ending a year-long streak of steady declines in consumer prices. The Labor Department said Friday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, climbed 0.3% in July from the previous month. On an annual basis, prices<\/p>\n","protected":false},"author":1,"featured_media":11074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-11073","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wholesale inflation accelerates in July for first time in 13 months | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Inflation at the wholesale level rose more than expected in July, ending a year-long streak of steady declines in consumer prices. 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