Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-08-09T10:00:00+00:00
Assessments of U.S. consumer prices, spending and sentiment are due this week—and they could shed light on whether improvements in June were significant enough to withstand geopolitical shocks. The JulyConsumer Price Indexreading will land Wednesday. The cost-of-living measureticked downin June—before the U.S.-Iran ceasefire fell apart and fighting in the Middle East escalated. The conflict has curtailed oil shipments in the Hormuz and Bab el-Mandeb Straits, sending energy prices higher and putting upward pressure on other prices. The CPI remains high by historic standards, as does theProducer Price Index, which tracks wholesale inflation. The July PPI reading is due Thursday; The index dipped in June aftersurging in May. Rising wholesale costs can be a sign that consumer prices will climb
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