Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Producer Prices Indicate Little Inflationary Pressure
WASHINGTON (8/15/13)--U.S. producer (wholesale) prices remained flat in July, indicating  minimal inflationary pressure and reflecting the largest decline in auto costs in four years (The New York Times, The Wall Street Journal and Bloomberg.com Aug. 14).
 
The producer-price index--which shows what companies pay for the full range of products from produce to heavy machinery--was unchanged last month after increasing 0.8% in June, the Labor Department said Wednesday. Core prices--which exclude volatile food and energy costs--climbed 0.1% in July after increasing 0.2% in June.
 
While slower growth abroad holds back demand, the lower prices of raw materials are reflected on cost pressures at the production stage for goods, Bloomberg said.
 
Although inflation will slowly gather steam, it will remain relatively low, Scott Brown, chief economist for Raymond James & Associates Inc. in St. Petersburg, Fla., told Bloomberg. There still is substantial slack in the economy, he noted.
Other Resources

CUNA National Economic Data
RSS print
News Now LiveWire
#creditunion-community ties stressed during public funds depository testimony by @MassLeague See #NewsNow http://t.co/K7OrwuvhxM
22 minutes ago
Large CU stress testing on the agenda for the April @theNCUA open meeting http://t.co/2TUcnmCmPi
9 hours ago
#FinancialLiteracyMonth Test your college financial aid knowledge @nasfaa http://t.co/xgrDmHaw8W
17 hours ago
Join @theNCUA #NCUAchat with @KenWortheyJr on April 23 from 11am to 12pm EST http://t.co/TnNmfFh4Nl #FinancialLiteracyMonth
19 hours ago
Maine's patent troll bill has become law. Read more in Monday in @NewsNowLiveWire
21 hours ago