July final demand PPI flat overall and ex...>

US DATA: July final demand PPI flat overall and +0.1% ex food and 

energy, both lower than the 0.2% gains expected on declines in food, 

energy and trade services. PPI ex. food, energy, and trade services +0.3%.

- The overall y/y rate of inflation decelerated in July to +3.3% from 

+3.4% in June, while PPI ex. food 

and energy +2.7% y/y, down from +2.8% in June. PPI ex, food, 

energy, and trade services +2.8% y/y vs +2.7%.

- Energy prices -0.5% in the month on almost all categories, while trade 

services -0.8%, and food prices -0.1%.

- The personal consumption price measures, often used to preview CPI 

and PCE prices -0.1% overall, -0.1% ex. food and energy, and +0.2% ex. 

food, energy, and trade services, with y/y gains above 2%.