“Raft of price rises” continues, US PPI up 1% in June

14 July 2021

 

Summary: Prices received by producers rise by 1.0% in June; double expected figure; annual rate moves above 7%; “core” PPI also increases by 1.0%; “current raft of price rises is transitory repeatedly made clear” by Fed; services prices up 0.8%, goods up 1.2%. 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...

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