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PPI rebounded in June after a decline in May

Producer prices have recovered in month of June after a dip in May,

 
PRLog - Jul. 16, 2014 - The Wholesale price Index increased by 0.4 % in June on the seasonally adjusted basis, reported by the U.S. Labor Department. Sometimes rising wholesale prices result in higher consumer costs, especially for fuel, but in many cases they do not. Ppi advanced by 1.9 % for the year, as prices increased on modest pace.

Prices for finished consumer goods have rebounded from decline in previous period, finished consumer goods prices jumped by 0.5 % on the seasonally adjusted basis. Over the past 12 months, prices for finished goods have climbed by 2.1 %.

Core PPI excluding food and energy increased smaller than total producer price by 0.2 % on the seasonally adjusted basis, prices increased above average for organic chemicals, nondurable goods and construction materials. Durable goods prices fell.
Some economists prefer core ppi over the total PPI, because they believe it provides a better idea of longer-term inflationary trends.
Producer price index excluding food and energy advanced by 1.9 % for the year.

Crude materials prices have rebounded from decline in previous period, finished consumer goods prices dropped by -0.9 % on the seasonally adjusted basis, foodstuffs, feedstuffs and crude fuel prices fell below averge, although prices for manufacturing materials grew. Core rate, viewed as a leading indicator of inflation decreased by -1.1 % on the seasonally adjusted basis. Over the last 12 months, crude materials prices soared by 3.9 %.

Prices for intermediate goods have rebounded from decline in previous period, intermediate prices surged by 0.4 % on the seasonally adjusted basis, as prices for processed fuels increased the most. Core intermediate prices excluding food and energy advanced by 0.1 % on the seasonally adjusted basis. The core intermediate PPI is viewed as a key leading indicator of inflation. Prices for intermediate goods advanced by 1.5 % for the year.

Intermediate products are items such as steel, processed from iron ore, before it is made into cars.

Investors are monitoring how corporations are passing along rising commodity prices onto consumers, which may signal the rise of inflation.

http://csimarket.com/

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Source:CSIMarket
Industry:Business
Tags:economy, inflation
Shortcut:prlog.org/12349181
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