Manufacturers Price Inflation Remains Much Higher In US In July

S & P Global reports that in July while Manufacturer’s Price Inflation continued to moderate globally, American and Eurozone manufacturers faced much worse price inflation than competitors in Asia.

While the rise in wholesale costs facing producers is moderating as a result in a moderate pullback in demand short term, the outlook for long term global competitiveness by American employers is darkened by the reality that it has been nearly 18 months since the rate of wholesale price inflation faced by US manufacturers was competitive for US manufacturers and current Fed modeling puts consumer inflation well above the 2% target for at least 18 months into the future.

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