US producer price index up by 0.3% in June
12/07/2018 13:47
The US Labor Department said its producer price index for final demand rose by 0.3 per cent in June after climbing by 0.5 per cent in May.

The report said energy prices increased by 0.8 percent in June after spiking by 4.6 percent in May, while food prices slumped by 1.1 percent after inching up by 0.1 percent in the previous month.

Excluding food and energy prices, core producer prices also climbed by 0.3 percent in June, matching the increase seen in May. Core prices had been expected to rise by 0.2 percent.

The increase in core prices in June was partly attributable to a 0.4 percent advance in prices for final demand services, which rose by 0.3 percent in May.

Prices for final demand trade services climbed by 0.7 percent, while prices for final demand transportation and warehousing services and final demand services less trade, transportation, and warehousing rose by 0.5 percent and 0.3 percent, respectively.

Compared to the same month a year ago, producer prices were up by 3.4 percent in June, representing the largest 12-month increase since a 3.7 percent jump in November of 2011.