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US Wholesale Prices Rise More Than Expected

U.S. wholesale prices rose more than predicted in July on a 0.2 percent increase following a 0.4 percent decline in June. A gain of only 0.1 percent had been predicted.

The report also highlighted a decline in the cost of crude goods delivered in July with energy and food prices leading the way. This is expected to push consumer prices down in the coming months and may help boost spending in the U.S.

Source: Bloomberg [1]

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Scott Boyd

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