Producer Prices Pile On
07/14/2021
The producer price index (PPI) for June piled on to yesterday’s outsized +0.9% gain in consumer prices with a +1.0% increase at both the headline and the ex-food and energy readings. As with CPI, the PPI data was well above forecasts which called for gains of +0.6% in the headline and +0.5% ex-food and energy.
