PiCK
US June PPI Falls 0.3% From Prior Month, Below Forecast
Uk Jin
Summary
- U.S. June Producer Price Index (PPI) data came in below market expectations.
- The U.S. Department of Labor said June PPI fell 0.3% from the previous month, below forecasts for 0.0%.
- Producer prices are considered a leading indicator of consumer inflation because they are reflected in final consumer goods prices over time.
Forecast Trend Report by Period
U.S. producer prices fell more than expected in June.
The U.S. Department of Labor said on July 15 that the producer price index fell 0.3% from the previous month, below market forecasts for no change.
Producer prices are considered a leading indicator of consumer inflation because they are reflected in final consumer goods prices over time.
Uk Jin
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