Prices Skyrocket 10.8%; Highest Ever Recorded | EP2994-6PM

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2 years ago
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Pete Santilli Prices

Prices Skyrocket 10.8%; Highest Ever Recorded | EP2994-6PM 
The producer price index, a measure of the prices paid to producers of goods and services, rose 0.8% for the month and 10.8% over the past year. The monthly rise was in line with Dow Jones estimates and a doubling of the 0.4% pace in April.  Excluding food, energy and trade, so-called core PPI rose 0.5% on the month, slightly below the 0.6% estimate but an increase from the 0.4% reading in the previous month. On a year-over-year basis, the core measure was up 6.8%, matching April’s gain.

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