More Cowbell? Producer Prices Falls For the First Time In 11 Months (Now 1.8% YoY)

Producer prices (output) are a measure of the change in the price of goods as they leave their place of production (i.e. prices received by domestic producers for their outputs either on the domestic or foreign market). PPI for July just fell MoM for the first time in 11 months.

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And PPI Final Demand (less foods and energy) just fell to 1.8% YoY in July.

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Is the only prescription more cowbell?

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