Today’s release of the June Producer Price Index (PPI) for Final Demand came in at 0.1% month-over-month seasonally adjusted, unchanged from last month.
It is at 1.7% year-over-year, down from 1.8% last month, on a non-seasonally adjusted basis. Core Final Demand (less food and energy) came in at 0.3% MoM, up from 0.2% the previous month and is unchanged YoY NSA at 2.3%. Investing.com MoM consensus forecasts were for 0.1% headline and 0.2% core.
Here is the summary of the news release on Final Demand:
The Producer Price Index for final demand advanced 0.1 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices moved up 0.1 percent in May and 0.2 percent in April. (See table A.) On an unadjusted basis, the final demand index rose 1.7 percent for the 12 months ended in June, the lowest rate of increase since advancing 1.7 percent in January 2017.
In June, the rise in final demand prices is attributable to a 0.4-percent increase in the index for final demand services. Conversely, prices for final demand goods fell 0.4 percent. More…
Finished Goods: Headline and Core
As this (older) overlay illustrates, the Final Demand and Finished Goods indexes are highly correlated.
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