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Podcast: First Move with Julia Chatterley
Episode:

More encouraging inflation data

Category: Society & Culture
Duration: 00:45:59
Publish Date: 2022-08-11 14:38:11
Description:

The Producer Price Index, considered a benchmark inflation figure, rose at an annual rate of 9.8% year-over-year in July. While that's still very high, it's significantly lower than the 11.1% increase in June. Combine that with a 0.5% drop in wholesale prices last month and there's reason for optimism that inflation may finally be softening.

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