Current: US producer prices are rising significantly more strongly – inflationary pressure is increasing!

At +0.3%, US producer prices (June) were higher than expected in the previous month (forecast was +0.2%; the previous month was +0.5%). Producer prices rose by +3.4% year-on-year (forecast was +3.2%; previous month was +3.1%).

In the core rate (excluding food and energy), producer prices also rose more strongly, namely by +0.% compared to the previous month (forecast was +0.2%; previous month was +0.3%) and by +2.8% compared to the previous month (forecast was +2.6%; previous month was +2.4%).

Producer prices are an important early indicator of consumer prices, as companies normally pass on increased costs to consumers.

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