Inflation & Prices
US Inflation Metrics Diverge, Complicating Outlook for Cooldown
- Inflation expectations unexpectedly fell in early August
- Meantime, producer prices rose in July by more than forecast
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US inflation metrics gave mixed signals in separate reports Friday, complicating a narrative of moderating price pressures in the world’s largest economy.
Consumer inflation expectations as measured by the University of Michigan unexpectedly fell in early August, despite higher gasoline and grocery costs. Meantime, producer prices grew last month by more than expected, primarily due to increases in certain service categories.