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Friday, October 18, 2019
HomeNewsEconomyProducer Price Index (PPI) Beats Forecast Across the Board in June

Producer Price Index (PPI) Beats Forecast Across the Board in June

Producer Price Index (PPI) graphic concept. (Photo: AdobeStock)
Producer Price Index (PPI) graphic concept. (Photo: AdobeStock)

Producer Price Index (PPI) graphic concept. (Photo: AdobeStock)

The Bureau of Labor Statistics (BLS) said the Producer Price Index (PPI) for final demand rose by a seasonally adjusted 0.3% in June, beating the forecast. Economists had forecast a 0.1% to 0.3% range.

The gain was largely fueled by a rise in the index for final demand is attributable to a 0.4% gain in prices for final demand services. The index for final demand goods ticked up 0.1%.

Prices for final demand less foods, energy, and trade services gained 0.3% in June after rising 0.1% in May. Economists had forecast a 0.2% gain.

For the 12 months ended in June, the index for final demand less foods, energy, and trade services rose 2.7%.

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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