June’s US Producer Price Index (PPI) posted its lowest year-over-year growth in nearly three years. Inflationary pressures continued to ease.
Key points Composite PPI rose 0.1% month-on-month Median Bloomberg survey economist forecast up 0.2% Last month down 0.4% Month-over-year up 0.1% Market forecast up 0.4% Core PPI excluding food and energy 0.1% % increase – 0.2% increase expected YoY 2.4% increase – 2.6% increase expected
The normalization of global supply chains, stable commodity prices, and a broadening shift in consumer demand from goods to services have all contributed to easing inflationary pressures at the producer level.
See table for detailed statistics.
Original title:US Producer Prices Rise at Slowest Pace in Nearly Three Years
news-rsf-original-reference paywall">Original title: US June PPI Rose 0.1%, Below Estimate (excerpt)
(Updates with additional stats details)
2023-07-13 12:36:34
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