Tuesday, July 14, 2009

PPI Jumps in June, Down 4.6% YoY

WSJ details:

The producer price index for finished goods increased 1.8% in June from May, the Labor Department said Tuesday, nearly double the 1% rise that economists in a Dow Jones Newswires survey had expected. It was the sharpest rise since November 2007. Producer prices were down 4.6% from one year ago.

The core PPI, which excludes food and energy, rose 0.5% from May, the biggest rise since October 2008. Economists had expected no change.

Source: BLS

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