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

"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. 

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