MW: PPI, import drops point to first CPI fall in year
By Steve Goldstein
WASHINGTON (MarketWatch) -- The declines in producer and import prices during June have reinforced expectations the Labor Department on Friday will report the closely watched consumer price index dropped in June for the first time in a year. Economists polled by MarketWatch expect a 0.2% monthly drop in the consumer price index. "Inflation continues to run at a pace substantially faster than current wage growth; however, we expect inflation to come down quickly as both energy and food prices moderate and feed through to the consumer," said Bricklin Dwyer of BNP Paribas.
