The Traderszone Network

Published in TZ Latest News 15 August, 2014 by The TZ Newswire Staff

U.S. producer prices moderate as gasoline tumbles

U.S. producer prices rose marginally in July as a decline in the cost of energy goods offset higher food prices, pointing to a moderation of inflation pressures at the factory gate. The Labor Department said on Friday its producer price index for final demand edged up 0.1 percent after a 0.4 percent rise in June. Producer inflation data has been volatile since the government revamped the PPI series at the start of the year to include services and construction.

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