Keeping you up to date on the latest data releases.
- Producer Price Index
The Producer Price Index (PPI) for finished goods fell at an annualized rate of 4.3 percent in June, largely as energy prices dipped roughly 30 percent during the month after an 8-month string of double-digit increases. Still, the headline PPI is up 7.3 percent over the past year. Producer prices for finished consumer foods partially reversed a 16 percent drop in May, rising 7.8 percent in June. Excluding volatile food and energy items, (“core”) producer prices jumped up 4.1 percent in June, its largest monthly increase since January, pushing up its 12-month growth rate from 2.1 percent in May to 2.3 percent in June. Further back on the production line, pricing pressure was relatively subdued for these series, as core intermediate goods rose just 3.8 percent, and core crude goods—which are up 25 percent over the past year—rose 13.7 percent in June.