PPI Hotter Than Expected in June

The Producer Price Index – a measure of inflation at the producer level – rose by +0.4% in June. The June PPI was above the consensus estimate for a rise of +0.2% and also well above the May reading of -0.2%. On a year-over-year basis, PPI was up +1.9%, which was slightly below the last month's reading of +2.0% (April: +2.1%). Prior PPI readings…Apr: +0.6%, Mar: +0.5%, Feb: +0.1%, Jan 2014: +0.2%, Dec: +0.1% Nov: -0.1%, Oct: -0.2%, Sept: -0.1%, Aug: +0.3% July: +0.0%, June: +0.8%, May: +0.5% Apr: -0.7%, Mar: -0.6%, Feb: +0.7, Jan 2013: +0.2%. The so-called “core rate” (ex-Food & Energy) also rose, gaining +0.2%. in June This was in line with the consensus estimate of +0.2% and above last month's -0.1% Prior Core Rate Readings: April” +0.5%, Mar: +0.6%, Feb: -0.2%, Jan 2014: +0.2%, Dec: 0.0%, Nov: +0.1%, Oct: +0.2%, Sept: +0.1%, Aug: 0.0%, July: +0.1%, June: +0.2%, May: +0.1%, Apr: +0.1%, Mar: +0.2%, Feb: +0.2%, Jan 2013: +0.2. In sum, this report furthers the concern that there is inflation percolating in the economic pipeline.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsEcon #sEconomicsPre-Market Outlook
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!