In the United States, producer prices rose more than expected in June

By: Trademagazin Date: 2024. 07. 12. 10:53

The US producer price index rose more than analysts had expected in June, both monthly and annually.

The U.S. Bureau of Labor Statistics According to data published by the Bureau of Labor Statistics on Friday, the seasonally adjusted producer price index rose by 0.2 percent on a monthly basis in June after the previous month’s stagnation. The analyst consensus included a monthly increase of 0.1 percent for June.

In June, instead of the 2.3 percent expected by analysts, the increase in the producer price index was 2.6 percent on an annual basis, the highest rate since March 2023, after the previous month’s 2.4 percent increase.

Producer core inflation, which does not include the often volatile food and energy prices, was 3.0 percent year-on-year, instead of the 2.5 percent expected by analysts, and was the highest since April last year, after the previous month’s 2.6 percent increase.

In a monthly comparison, the producer core index rose by 0.4 percent after 0.3 percent in May, exceeding the 0.2 percent increase expected by analysts.