U.S. Producer Prices Edge Up: A Look into Economic Signals

In June 2024, U.S. producer prices increased by 0.2%, slightly above the expected 0.1%. This rise followed the previous month’s 0.2% decrease. Throughout the year, the Producer Price Index (PPI) climbed 2.6%, edging over the projected 2.3% and revising up from 2.4%. These numbers reflect steady, modest inflation pressures essential for grasping broader economic shifts. […]