PPI up slightly; underlying inflation muted

[tsptalk]

This shows inflation may be slowing, which helps the Fed's rate cut case. But everyone is concerned about the trade war increasing prices on consumers, yet doesn't that increase inflation, which is what the Fed is trying to do with the rate cuts? Hmmm.

--------------------------

US producer prices rise 0.2%; underlying inflation muted

The Labor Department said on Friday its producer price index for final demand rose 0.2% last month after nudging up 0.1% in June. In the 12 months through July the PPI increased 1.7% after advancing by the same margin in June.
Economists polled by Reuters had forecast the PPI would rise 0.2% in July and increase 1.7% on a year-on-year basis.

Excluding the volatile food, energy and trade services components, producer prices edged down 0.1% last month. That was the first decline since October 2015 and followed an unchanged reading in June.

https://www.cnbc.com/2019/08/09/us-july-ppi-us-producer-prices-rise-underlying-inflation-muted.html