Don’t lose sleep over the uptick in producer prices
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 15 August 2023
⏱️ 26 minutes
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Summary
The cost of services helped push up the producer price index in July. But that increase likely isn’t a lasting one. Today, we’ll unpack the uptick. We’ll also dig into new home sales and oil demand. Plus, in the Weekly Wrap, what will it take to get consumers to feel better about the economy?
Transcript
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| 0:00.0 | Marketplace Morning Reports new Skin in the Game series explores what we can learn about |
| 0:04.5 | money and careers from the $300 billion video game industry. |
| 0:09.4 | Plus here how an Oakland-based program helps young people get the skills they need to break |
| 0:14.0 | into this booming industry. |
| 0:16.0 | Listen to Skin in the Game and more from the Marketplace Morning Report wherever you get |
| 0:20.5 | your podcasts. |
| 0:23.7 | On the program today, this week in this economy, of course, because it's Friday, we'll do |
| 0:28.6 | some oil and some energy, some housing, and then we're going to go scuba diving. |
| 0:34.6 | From American public media, this is Marketplace. |
| 0:46.3 | In Los Angeles, I'm Carr, Rizdole, it is Friday, today, the 11th of August, good as always, |
| 0:51.0 | to have you along. |
| 0:52.3 | Everybody, we are going to get right to it. |
| 0:54.2 | Five days in this economy would happen and what it means. |
| 0:57.3 | It's Catherine Rampels at the Washington Postland at Lopez. |
| 0:59.8 | Is it business insider, hey, you two? |
| 1:01.9 | Hey, Carr. |
| 1:02.9 | Hey, Carr. |
| 1:03.9 | So, Catherine, let me start with you. |
| 1:05.4 | We will start, of course, with inflation, the Consumer Price Index out this week, as we |
| 1:09.2 | all know, but just to refresh people's memory, 3.2% year on year, two tenths of 1% month |
| 1:14.5 | on month. |
| 1:15.5 | I will also add this 1.9% for the last three months in this economy. |
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