Keeping you up to date on the latest data releases.
- Producer Price Index
Producer prices, as measured by the Producer Price Index (PPI), continued to ebb in June, rising at an annualized rate of 0.6 percent in June. Over the past year, the PPI is up just 0.8 percent, compared to its 10-year growth rate of 3.3 percent. Energy prices fell sharply in June (down 10.6 percent), while food prices nearly reversed a 6.5 percent decline in May, rising 6.3 percent in June. Excluding food and energy prices, the index rose 2.7 percent, following three consecutive months of 2.0 percent increases. On a year-over-year basis, the PPI excluding food and energy is up 2.6 percent, down slightly from a recent high of 3.1 percent in January. There was a dearth of pricing pressure further back on the line of production, as core intermediate and core crude goods prices fell sharply (−8.3 percent and −38.8 percent, respectively).