The latest U.S. Producer Price Index (PPI) figures for June show a significant increase, challenging recent inflation reports. The monthly PPI rose by 0.2%, exceeding the previous -0.2% and the 0.1% estimate. Year-over-year PPI climbed to 2.6%, up from 2.2% and above the 2.3% forecast. Core PPI also surprised, with a 0.4% monthly rise versus 0.0% previously, and a year-over-year increase to 3.0% from 2.3%, beating the 2.5% estimate.
58 sats \ 0 replies \ @IamSINGLE 12 Jul
Good signs for US!
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13 sats \ 0 replies \ @Cje95 12 Jul
Gotta love how yesterday the numbers were so good people on CNBC and online were talking about how many rate cuts would we get and now it's oh... well um maybe the inflation is stickier than we thought. I just shake my head at how quick people are to jump on the first good sign but then when the picture actually forms it turns out isn't nearly as nice as they had though.
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