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Producer Prices Pile On

07/14/2021

The producer price index (PPI) for June piled on to yesterday’s outsized +0.9% gain in consumer prices with a +1.0% increase at both the headline and the ex-food and energy readings. As with CPI, the PPI data was well above forecasts which called for gains of +0.6% in the headline and +0.5% ex-food and energy.

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