Como se combate o populismo? "Com eleições", responde Fukuyama

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8:29am 08/17/05 U.S. PPI UP 4.6% YEAR-OVER-YEAR VS. 3.6% IN JUNE
8:29am 08/17/05 U.S. JULY PPI ENERGY PRICES UP 4.4%
8:29am 08/17/05 U.S. JULY CORE PPI FALLS RISES 0.4% VS. 0.1% GAIN EXPECTED
8:29am 08/17/05 U.S. JULY PPI 1% VS. 0.5% GAIN EXPECTED

ECONOMIC REPORT: U.S. July PPI jumps 1% on cars, gas; Yearly gain in core PPI highest in nearly 10 years
By Robert Schroeder, MarketWatch
Last Update: 8:30 AM ET Aug. 17, 2005

WASHINGTON (MarketWatch) -- U.S. producer prices rose 1% in July, the Labor Department reported Wednesday.

The core rate of inflation - excluding food and energy costs - at the wholesale level rose 0.4%, the agency said.

Economists had expected the producer price index to rise 0.5% in July, according to the MarketWatch survey. Core inflation was expected to rise 0.1%.

The PPI was flat in June while core prices fell 0.1%.

Inflation accelerated on a year-over-year basis to 4.6% from 3.6% a month earlier. Yearly inflation peaked at 5.2% in November. The core PPI is up 2.8% on a year-over-year basis, the highest in almost 10 years. Half the gain in the core was in car and truck prices.

Consumer prices rose 0.5% in July, the Labor Department said Tuesday. Minus volatile food and energy prices, the price index climbed 0.1%, slightly lower than expected.

Prices of intermediate goods destined for further processing increased 1%, with core intermediate prices falling 0.1%.

The core intermediate PPI is up 4.3% in the past year, after having peaked at 8.5% in January.

Prices of crude goods rose 6.7%. Prices of iron and steel scrap rose 2.7%, while crude energy prices rose 12.8%, led by a rise in natural gas and petroleum prices.

At the finished goods level, energy prices rose 4.4%, including a 10.9% jump in wholesale gasoline prices, the most since October.

Finished foods prices fell 0.3%, with large declines in prices of vegetables like green peppers, eggplant and broccoli.

Prices of finished consumer goods other than food and energy rose 1.8%. Auto prices rose 1.5%, while light truck prices climbed 1.4%.

Prices of finished capital goods gained 0.5% in July.