By Tom Burnett CFA
On July 14, 2021, the Bureau of Labor Statistics reported the Producer Price Index (“PPI”) information for the month of June. The PPI increased by 1.0% in June, following increases of 0.8% in May and 0.6% in April. For the 12 months ending in June, the PPI rose 7.3%, the largest rise in 12-month data since this statistic was first calculated in November 2010.
Prices for the Core Index, excluding food and energy, rose 0.5% in June, following a rise of 0.7% in May. For the 12 months ended in June, the Core Index rose 5.5%, the largest advance since the 12-month database was first calculated in August 2014.
The Report for July will be released on August 12, 2021.