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Sunday, September 27, 2020
HomeNewsEconomyProducer Price Index (PPI) Posts Largest Gain Since October 2018

Producer Price Index (PPI) Posts Largest Gain Since October 2018

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

Washington, D.C. (PPD) — The Producer Price Index (PPI) for final demand rose a seasonally-adjusted 0.6% in July, doubling the forecast and the largest gain since October 2018. That large gain recovers all of the -0.2% and -0.4% readings in June and May, respectively.

Forecasts for the PPI ranged from a low of 0.2% to a high of 0.6%. The consensus forecast was 0.3%. The gain was led by a 0.5-percent rise in prices for final demand services. The index for final demand goods also moved higher, increasing 0.8%.

The PPI for final demand less foods and energy came in at 0.5%. The forecasts ranged from a low of 0.0% to a high of 0.2%. The consensus forecast was flat at 0.0%.

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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