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It's not likely to help your bottom line much, but wholesale inflation came in beneath expectations for July.
The monthly number came in at 0.1%; the expectation was that it would be 0.2%.
On a year-over-year basis, headline PPI increased 2.2%, a drop from the 2.7% that we saw in June.
The report comes one day before the federal government releases the CPI report for July. The Federal Reserve will be watching that report closely, as it is expected to announce an interest rate cut at their meeting in September.