US producer prices rose 0.1% in June


In June of this year, the weakest annual increase in producer prices in nearly 2.5 years was recorded in the USA. According to the US Department of Labor, the June price increase was at the level of 0.1%, as well as a month earlier, which confirmed market forecasts. The lowest growth since January 2017 showed producer prices in the past 12 months, this figure rose by 1.7%. According to economists, an increase of 1.6% was expected. In June, American manufacturers basically kept prices for their products unchanged. The decrease was shown by wholesale electricity prices, falling by 3.1% after falling by 1% in May, and by gasoline, which fell by 5%. The rise in prices was recorded for food products - by 0.6%, and for services - by 0.4%. Medical services increased in price by 0.2%.

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