Core

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/producer-price-index-shows-slower-growth-in-july/" data-wpel-link="internal">Producer Price Index Shows Slower Growth in July</a><br></p>
<p style="text-align: justify">In the US, the Producer Price Index (PPI) data for July is among the important <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">economic indicators</a> closely followed by global markets and the <a href="https://en.coin-turk.com/crypto-leaders-observe-shift-to-stablecoins-in-africa/" data-wpel-link="internal">cryptocurrency market</a>. Recently released <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data reveals</a> that producer inflation in July was below expectations on an annual basis.</p> 
<h2 style="text-align: justify" id="strong-producer-inflation-decreased-strong"><strong>Producer Inflation Decreased</strong></h2> 
<p style="text-align: justify">According to the data, annual producer inflation in July was recorded at 2.2%. The market expectation was that this rate would be 2.3%. Considering the annual inflation rate of 2.6% announced in June, the data for July shows a decline compared to the previous month.</p> 
<p style="text-align: justify">On a monthly basis, producer inflation was 0.1% in July. In June, this rate was announced as 0.4%, and a 0.2% increase was expected in July. The announced data fell below expectations.</p> 
<p style="text-align: justify">On the other hand, core producer inflation, excluding food and energy items, also fell below market expectations both annually and monthly. Annual core producer inflation was recorded at 2.4%, while the market expectation was 2.7%. Monthly core producer inflation was announced as 0.0%. Expectations were that the data would be 0.2%.</p> 
<p style="text-align: justify">These data show that producer inflation in the US increased more slowly than expected in July. Especially the core producer inflation data falling below expectations can be interpreted as a slight relief in the inflation pressure on the US economy. Although this slowdown in producer prices does not provide sufficient data to make a definitive judgment about the general trend of inflation, it may have the effect of reducing inflation fears from the Fed’s perspective.</p> 
<h2 style="text-align: justify" id="strong-eyes-on-tomorrow-s-inflation-data-after-ppi-data-strong"><strong>Eyes on Tomorrow’s Inflation Data After PPI Data</strong></h2> 
<p style="text-align: justify">After the producer inflation data, the markets are now focused on the Consumer Price Index (CPI) data to be announced tomorrow at 15:30 Turkish time. Expectations are that inflation in the US will be 3% annually and 0.2% monthly in July.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-379361" src="https://coin-turk.com/wp-content/uploads/2024/08/ABD-Enflasyon.png" alt="" width="1292" height="424"></p> 
<p style="text-align: justify">Core inflation data, excluding food and energy items, is expected to be 3.2% annually and 0.2% monthly.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/producer-price-index-shows-slower-growth-in-july/" data-wpel-link="internal">Producer Price Index Shows Slower Growth in July</a></h5>
<p>The post <a href="https://en.coin-turk.com/producer-price-index-shows-slower-growth-in-july/" data-wpel-link="internal">Producer Price Index Shows Slower Growth in July</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Producer Price Index Shows Slower Growth in July

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