The June Producer Price Index increased 0.8% for finished goods. May PPI increased 0.5%, but April dropped -0.7%. For the year PPI increased 2.5%. This is the biggest annual increase since March 2012. Gasoline again is the culprit, with wholesale prices surging 7.2%. Core PPI, which is finished goods minus food and energy prices, increased 0.2% for the month.
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