{"id":592097,"date":"2026-08-13T14:42:12","date_gmt":"2026-08-13T14:42:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/592097\/"},"modified":"2026-08-13T14:42:12","modified_gmt":"2026-08-13T14:42:12","slug":"breaking-another-round-of-inflation-figures-from-the-us-what-did-they-reveal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/592097\/","title":{"rendered":"BREAKING: Another round of inflation figures from the US \u2013 what did they reveal?"},"content":{"rendered":"

The July PPI inflation came in below expectations, although not across the whole spectrum.<\/p>\n


\n\tThe headline number dropped to 4.7% YoY, flat MoM.
\n\tThe core one came in at 4.7%, slightly above the consensus (4.6%). On the monthly basis (MoM) it increased by 0.4%. <\/p>\n

Figure 1: US CPI & PPI Inflation (2018 – 2026)<\/p>\n

Source: XTB Research, 13.08.2026<\/p>\n

Data breakdown:<\/p>\n


\n\tGoods (-0.7% MoM): Goods prices fell for the second consecutive month, driven down by a 3.1% decline in energy costs and a 0.9% drop in food prices.
\n
\n\t
\n\t\tOver half of the decline in goods was caused by a 5.7% drop in gasoline prices. Diesel fuel, jet fuel, and fresh\/dry vegetables also saw notable declines.
\n\t\tExcluding volatile food and energy, goods prices actually rose slightly by 0.1%.
\n\t
\n\t
\n\tServices (+0.2% MoM): Services continued to rise, primarily driven by a 0.6% increase in services excluding trade, transportation, and warehousing.
\n\t
\n\t\tA major driver was a 6.5% jump in portfolio management costs, along with higher retail margins for automobiles, food\/alcohol, and health & beauty products.
\n\t
\n\t
\n\tConstruction (+2.2% MoM): Construction costs saw a sharp advance over the month, helping offset the drop in goods.
\n\tSupercore (+0.4% MoM). <\/p>\n

Figure 2: US PPI Inflation and WTI Oil (2012 – 2026)<\/p>\n



\nSource: XTB Research, 13.08.2026<\/p>\n

Meanwhile, Initial Jobless Claims ticked up to 209k, above the expectations (202k). This is broadly in line with the NFP data published last week, but still near local lows and consistent with a rather tight labor market.<\/p>\n

Figure 2: Initial Jobless Claims (2022 – 2026)<\/p>\n

Source: XTB Research, 13.08.2026<\/p>\n

The reaction of the EUR\/USD is timid, with the pair up 0.2% on the day.<\/p>\n

Nasdaq 100 futures are flat on the day, with S&P 500 up 0.2%.<\/p>\n

\u2014<\/p>\n

Micha\u0142 J\u00f3\u017awiak, Financial Markets Analyst at XTB<\/p>\n

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr S\u0105dowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1\/2005 and is supervised by Polish Supervision Authority.<\/p>\n","protected":false},"excerpt":{"rendered":"The July PPI inflation came in below expectations, although not across the whole spectrum. The headline number…\n","protected":false},"author":2,"featured_media":480701,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-592097","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/592097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=592097"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/592097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/480701"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=592097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=592097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=592097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}