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Producer Prices increase faster than expected

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Producer Prices increase faster than expected

PPI increases 0.4% in June, following May’s 0.2% decline.

The seasonally-adjusted Producer Price Index for final demand increased 0.4% in June, the U.S. Bureau of Labor Statistics reported today.  This followed a 0.2% decrease in May.

Analysts had expected an increase of 0.2%.

In the 12 months through June, producer prices increased 1.9%.

Food prices fell 0.2% for the second straight month.

Producer prices excluding volatile food and energy costs increased 0.2%, and for the last twelve months have risen 1.8%.

Click here to see the full report.

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