Weaker Margins Keep U.S. Wholesale Inflation in Check: ChartBy
Producer prices in July dropped by the most in 10 months and it wasn’t all about the slumping costs of beef and gasoline. Bureau of Labor Statistics data on Friday also showed weaker profit margins are keeping U.S. inflation under wraps. So-called final demand for trade services, or margins received by retailers and wholesalers, declined 1.3 percent. Margins received by clothing retailers alone fell 6 percent, the most in records to 2009.