May PPI report: “ongoing inflation pressure” in pipeline for US

15 June 2021

 

Summary: Prices received by producers rise by 0.8% in May; double expected figure; annual rate moves further above 6%; “core” PPI increases by 0.7% again; points “to ongoing pipeline inflation pressure”; goods prices up 1.5%, services up 0.6%.   Around the end of 2018, the annual inflation rate of the US producer price index (PPI) began a downtrend which continued through 2019. Months in which producer prices increased suggested the...

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