Producer Price Index Rose 1.0% in June

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.