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Saturday, February 22, 2020
HomeNewsEconomyProducer Price Index (PPI) Rose Slightly in June, Remains Tepid

Producer Price Index (PPI) Rose Slightly in June, Remains Tepid

Producer Price Index (PPI) Graphic
Producer Price Index (PPI) Graphic

Producer Price Index (PPI) Graphic

The Producer Price Index (PPI) rose slightly more than expected in June, though final demand for producer prices were just 0.1% higher. The Labor Department said the so-called core–excluding foods, energy, and trade services–gained 0.2% in June.

For the 12 months ended in June, the index for final demand less foods, energy, and trade services gained 2.0%.

Prices for services gained 0.2% and the reading for trade services, which tracks the retail and wholesale sectors, fell by the same percentage. Food prices rose 0.6% following May’s 0.2% decline.

However, food was offset by a 0.5% decline in energy prices.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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