The Producer Price Index (PPI) in the United States dropped by 0.5% in July on a seasonally adjusted monthly basis, the US Bureau of Labor Statistics said on Thursday. On an unadjusted basis, the index rose 9.8% for the 12 months ended in July. The overall monthly drop was mostly due to a 1.8% decrease in prices of final demand goods. However, prices of final demand services rose 0.1% in July. The index for final demand excluding foods, energy, and trade services rose by 0.2% month on month and by 5.8% compared to July 2021. NN: despite the spin these numbers are a disaster. As winter approaches and cold weather demand for oil and natural gas kicks in the PPI numbers will get far worse… Let them have their little ditty, Its one of the greatest stock market shorting opportunities i have ever seen.