Article Image

IPFS News Link • Economy - Economics USA

US Producer Prices Soar At Record Pace In June

• Zero Hedge

Following yesterday's hotter than expected consumer price inflation, expectations were for another rise in producer prices this morning and just like CPI, the headline PPI soared past expectations, up 1.0% MoM (rising 7.3% YoY vs 6.7% exp).

That is the highest print on record (back to only 2010) but for context that is the highest since a CPI print in 1982...