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MNI: US DATA: JUNE PPI -0.2%; CORE -0.3%.............>
MNI: US DATA: JUNE PPI -0.2%; CORE -0.3%
-US JUNE FINAL DEMAND PPI -0.2%, EX FOOD, ENERGY -0.3%
-US JUN FINAL DEMAND PPI EX FOOD, ENERGY, TRADE SERVICE 0.3%
-US JUN FINAL DEMAND PPI Y/Y -0.8%, EX FOOD, ENERGY Y/Y 0.1%
-US JUN PPI: FOOD -5.2%; ENERGY 7.7%
U.S. PPI fell by 0.2% in June, dipping far below market expectations for a 0.4%
gain. The Bureau of Labor statistics said Thursday that the decrease in final
demand PPI was primarily driven by a 0.3% decline in prices for final demand
services, though that was partially offset by a 0.2% increase in prices for
final demand goods. Prices of final demand foods fell -5.2%, while final demand
energy rose 7.7%. Excluding food and energy, PPI was down 0.3% in June when
markets had expected a 0.1% increase. Excluding food, energy and trade services,
PPI was up 0.3%, coming in above expectations for a 0.1% increase and posting
the largest single-month increase since January.
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