Thursday, July 15, 2010

PPI: Headline Down 0.5%; Core Prices Up 0.1%

In June, the Producer Price Index for finished goods fell 0.5%. This was the continuous decline. June’s decline was primarily driven down by a 2.2% drop in food prices. Energy prices also fell, adding to the decline. In contrast, the core index, which excludes prices of the volatile food and energy product components, rose 0.1%. From a year prior, the topline index was 2.7% higher, down from a recent high of a 6.1% year-over-year increase in March. The core index was up by a much smaller 1.0% from a year earlier. This is about the same rate of growth that has occurred in recent months.

10.07.15 (Source: Bureau of Labor Statistics)

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