PPI Softer: Services Offset Energy Price Increase
The Producer Price Index (PPI) for final demand was softer than expected in July, increasing by 0.1%, following a 0.2% rise in June. Over the past 12 months, the index advanced by 2.2%. The July increase was driven by a 0.6% rise in final demand goods, particularly energy prices, which grew by 1.9%. Final demand services fell 0.2%, primarily due to a drop in trade services margins. Excluding volatile categories like food, energy, and trade services, prices increased by 0.3% in July, resulting in a 3.3% year-over-year rise.
Key Points
- July 2024 PPI Increase: 0.1% increase in the PPI for final demand.
- 12-Month PPI Change: PPI for final demand up 2.2% year-over-year.
- Final Demand Goods: Prices rose by 0.6%, driven by a 1.9% increase in energy.
- Final Demand Services: Prices decreased by 0.2%, with trade services margins falling 1.3%.
- Energy Impact: 60% of the increase in goods prices was attributed to higher energy costs.
- Notable Price Increases: Gasoline up 2.8%, with rises in diesel fuel, meats, and jet fuel.
- Exclusions Effect: Excluding food, energy, and trade services, prices rose by 0.3%, up 3.3% year-over-year.
Source: BLS
Source: https://global-macro-monitor.com/2024/08/13/ppi-softer-services-offset-energy-price-increase/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom Nootropic
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,628,527,495 |
| Stories: | 8,217,315 |
Whistler Blowers, Insiders
