Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 43 | NO. 32 | Friday, August 9, 2019

US wholesale prices rise just 0.2% in July

Print | Front Page | Email this story

WASHINGTON (AP) — U.S. wholesale prices ticked up just 0.2% in July, the latest sign that inflationary pressures are largely in check.

The Labor Department said Friday that the producer price index — which measures price changes before they reach the consumer — increased 1.7% last month compared with a year ago, the same as June. Excluding the volatile food and energy categories, wholesale prices fell 0.1% in July and rose 2.1% from a year earlier.

Inflation is muted, even as the economy has entered its 11th year of expansion and the unemployment rate has fallen to 3.7%, near a five-decade low. Yet wages are rising only modestly and many businesses are reluctant to raise prices.

The Federal Reserve cited low inflation as a key reason it cut short-term interest rates last month.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0