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Producer Price Index Declines Suggests Inflation Under Wraps

the staff of the Ridgewood blog

Washington DC, The Producer Price Index for final demand fell 0.2 percent in June, seasonally adjusted, the U.S.  Bureau of Labor Statistics reported today. This decrease followed a 0.4-percent increase in May
and a 1.3-percent decline in April. (See table A.) On an unadjusted basis, the final demand index  moved down 0.8 percent for the 12 months ended in June.

In June, the decrease in the final demand index is attributable to a 0.3-percent decline in prices  for final demand services. In contrast, the index for final demand goods rose 0.2 percent.

Prices for final demand less foods, energy, and trade services advanced 0.3 percent in June, the  largest increase since a 0.3-percent rise in January. For the 12 months ended in June, prices for
final demand less foods, energy, and trade services edged down 0.1 percent.

One thought on “Producer Price Index Declines Suggests Inflation Under Wraps

  1. Not if you read all of the “so called” financial news sources.
    All I read is impending doom and gloom (subtle and not so subtle anti-Trumpisms)

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