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%.
Oil prices ease on weekly gain as hopes for OPEC+ emergency meeting fades17.02.2020
Indonesia posts larger than expected trade deficit as declining export prices affects trade27.01.2020
Oil prices suffer further as China virus contagion worsens27.01.2020
Copper prices plummet as concerns over China virus intensifies