US: Annual core-PPI rises to 2.8% (vs. 2.6% exp) in June from to 2.4% in May

Eren Sengezer FXStreet

"The Producer Price Index for final demand rose 0.3 percent in June, seasonally adjusted," the U.S. Bureau of Labor Statistics reported on Wednesday.

Key takeaways from the official publication

Final demand prices advanced 0.5 percent in May and 0.1 percent in April.
On an unadjusted basis, the final demand index moved up 3.4 percent for the 12 months ended in June, the largest 12-month increase since climbing 3.7 percent in November 2011.
Prices for final demand less foods, energy, and trade services moved up 0.3 percent in June after rising 0.1 percent in May.
For the 12 months ended in June, the index for final demand less foods, energy, and trade services climbed 2.7 percent.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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